VINCI finalizes the acquisition of the Northwest Parkway section of the Denver ring road (Colorado, USA) [Yahoo! Finance]
VINCI SA UNSP/ADR (VCISY)
NASDAQ:AMEX Investor Relations:
vinci.com/vinci.nsf/en/investors.htm
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Source: Yahoo! Finance
Financial closing of the acquisition of 100% of the Northwest Parkway section of the Denver ring road (Colorado, USA) A major acquisition for VINCI Concessions in the USA A high-quality asset: very long concession term, robust regulatory framework, strong potential for operational synergies VINCI Concessions, via its subsidiary VINCI Highways, has finalized the acquisition of 100% of NWP HoldCo LLC, the concession company for Northwest Parkway, a 14 km tolled section of the Denver ring road (Colorado), for around $1.2bn (equity value at 100%). First major acquisition for VINCI Concessions in the USA, this transaction fits within VINCI Group's strategy to strengthen its presence in North America. Northwest Parkway is a strongly performing asset with substantial growth potential ahead: Strategic location in Denver : this tolled highway section serves important economic, touristic and residential areas in the capital city of Colorado, one of the most dynamic US states. It fa
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