Vinci acquires majority stake of Brazillian motorway

Catrin Jones Editor, Construction Europe

06 December 2022

Vinci Highways, a Vinci Concessions subsidiary, has announced an agreement to acquire a 55% majority stake from the Patria Fund in the Entrevias motorway concession in Brazil.

Entrevias toll road (Photo: Arquivo Entrevias)

The concession, which crosses São Paulo State from north to south, includes two sections with a total length of 570 km. The motorway concession is said to have recorded around 30 million transactions in 2021. 

The contract will include the operation and maintenance of a 299 km section in the north of São Paulo and another 271 km section in the south to widen the section from 2x1 to 2x2 lanes over 210 km. Works have already started and are scheduled for completion by the end of 2025.

Financial closure to acquire the stake is expected in 2023 after waiving conditions precedent.

South America Brazil Business & Finance Projects Contracts & tenders Industry News Sectors Construction
STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA