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36-544: Vinci (corporately styled VINCI ) is a French concessions and construction company founded in 1899 as Société Générale d'Entreprises. Its head office is in Nanterre , in the western suburbs of Paris . Vinci is listed on Euronext 's Paris stock exchange and is a member of the Euro Stoxx 50 index. The company was founded by Alexandre Giros and Louis Loucheur as Société Générale d'Entreprises S.A. (SGE) in 1899. SGE

72-627: A 50.01% stake in Gatwick Airport ; at the time of the transaction, the company pledged to invest £1.1 billion into passenger improvements at the airport by 2023. Throughout 2020, the company's activities were heavily influenced by the COVID-19 pandemic ; strict guidelines were implemented at its workplaces amongst other consequences. In the UK, Vinci was involved in the construction of several specialist hospitals. During October 2020, Vinci issued

108-681: A business (such as a water supply system in a city); in some cases, such as mining , it may involve merely the transfer of exclusive or non-exclusive easements . In the private sector, the owner of a concession — the concessionaire — typically pays either a fixed sum or a percentage of revenue to the owner of the entity from which it operates. Examples of concessions within another business are concession stands within sporting venues and movie theaters and concessions in department stores operated by other retailers . Short term concessions may be granted as promotional space for periods as short as one day. Concession agreement may also state

144-954: A cross-border interest has been subject to the principles of the Treaty on the Functioning of the European Union . The European Commission had originally included public concession contracts in the Services Directive of 1992, but these were removed from its scope by the European Council. However, the European Parliament and the Council issued a further Directive 2014/23/EU on the award of concession contracts on 26 February 2014, which required EU member states to introduce national legislation covering

180-491: A deal to buy ANA Aeroportos de Portugal in exchange for €3,080 million. During December 2013, Vinci was awarded a contract worth €440 million to build an express-lane highway system in Atlanta , Georgia . During 2014, Vinci sold 75% of the shares of Vinci Park to a consortium Ardian Infrastructure and Crédit Agricole Assurances; Vinci Park then became Indigo. In June 2016, Vinci sold the remaining 25.4% ex-Vinci Park shares to

216-456: A given number of years. Other forms of contracts between public and private entities, namely lease contract and management contract (in the water sector often called by the French term affermage ), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains

252-575: A large contractor established during the Second World War to dredge the Port of Tarifa and which had subsequently gained extensive experience in hydro-electric and civil engineering work, in 2003. During 2005, ACS entered the US market via the establishment of Dragados USA , a wholly-owned subsidiary of Dragados S.A. One of the first undertakings of the newly formed branch was a successful bid for

288-547: A national and international level. Vinci's Norwest Holst and Taylor Woodrow were revealed as subscribers to the UK's Consulting Association , exposed in 2009 for operating an illegal construction industry blacklist . Vinci was later one of eight businesses involved in the 2014 launch of the Construction Workers Compensation Scheme, condemned as a "PR stunt" by the GMB union, and described by

324-510: A pre-tax loss of £51.4m in 2023 (2022: £43.5m pre-tax loss) on £1.34bn of turnover (2022: £1.24bn). During early 2024, the company announced that its turnover had risen by 12% to €69 billion, which was reportedly a 12 year high. Vinci and its predecessor companies have been involved in many notable projects including: Vinci is involved in construction of the first 43 km of the Moscow-Saint Petersburg motorway through

360-881: A €5.2 billion ($ 6.08 billion) offer to the Spanish construction conglomerate ACS Group to acquire its ACS Industrial division; this transaction was completed during the following year. Additional arrangements between the two companies led to the creation of a joint venture focused on the renewable energy sector. On 7 April 2021, Vinci was awarded a 30-year concession to operate the following Brazilian airports: Manaus-Brig. Eduardo Gomes International Airport , Tabatinga International Airport , Tefé Airport , Rio Branco International Airport , Cruzeiro do Sul International Airport , Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport , and Boa Vista International Airport . In October 2024, Vinci agreed terms to purchase FM Conway . The breakdown of shareholders at 31 December 2019

396-603: Is a Spanish company dedicated to civil engineering, construction, all types of services and telecommunications . It is one of the leading construction companies in the world, with projects in many countries around the world. The company was founded in 1997 through the merger of OCP Construcciones, S.A. and Ginés Navarro Construcciones, S.A. The group has a presence in the United States, Germany, India, Brazil, Chile, Morocco and Australia. The headquarters are in Madrid and

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432-673: Is as follows: Source: VINCI Vinci Airports in France: outside France: in France: outside France: in France: outside France: Source: VINCI Annual report 2016 As of 2013, the turnover was split as follows: Net sales break down geographically as follows: France (58.9%), Europe (25.4%), North America (3.9%), Africa (3.5%) and other (8.3%). In 2020, Vinci UK turnover was £858.5m, with pre-tax profit of £16.2m. However, by 2024, Vinci UK had endured two consecutive years of losses. Vinci Construction UK (comprising Taylor Woodrow Construction , Vinci Building and Vinci Facilities) made

468-516: The Comisión Nacional de los Mercados y la Competencia (CNMC) for bidding collusion in public tenders for building and civil infrastructure works. On 30 July 2024, ACS Group and Hochtief announced that Dragados North America would be integrated with Flatiron. The combined company, Flatiron Dragados, would be held 61.8% by ACS and 38.2% by Hochtief. That same year, ACS Group reported that it had achieved better than expected results, which

504-663: The New York City 's Metropolitan Transportation Authority (MTA) East Side Access Manhattan Tunnels project, being awarded an initial contract valued at $ 428 million. In April 2008, the MTA awarded another contract, valued at $ 506 million, to the company. Separate undertakings by the company included the Harbor Bridge Project , and the Maryland's Purple Line . During 2006, the company acquired 22.0% of

540-519: The Australian construction contractor Seymour Whyte was purchased by Vinci. In November 2017, the company invested in Sweden to acquire Eitech and Infratek, specialists in electrical works and engineering. Between 2017 and 2020, Vinci, as part of a joint venture with Balfour Beatty and Systra , was awarded multiple contracts to work on Britain's High Speed 2 project. In May 2019, Vinci acquired

576-566: The European market. In April of that year, it made an approach to purchase Atlantia's 88% stake in motorway division Autostrade per l'Italia , which valued the business at 9 billion-10 billion euros ($ 10.7 billion-$ 11.9 billion). In September 2022, Atlantia sold its 14.46% stake in Hochtief to ACS Group in exchange for 577.8 million euros ($ 576.9 million). In July 2022, the company was fined €57.1 million, along with five other contractors, by

612-676: The French engineering firm Cegelec from the Qatar Investment Authority in exchange for €1.18 billion ($ 1.69 billion). During February 2010, it bought the European aggregates businesses of Tarmac from Anglo American in exchange for £250 million. It also purchased Meteor Parking from the Go-Ahead Group in September 2010. During the early 2010s, the company was awarded multiple contracts to construct portions of London's Crossrail project. In 2012, Vinci signed

648-485: The Scottish Affairs Committee as "an act of bad faith". Concession (contract) Public services such as water supply may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out investment in a public utility (such as a water privatisation ) for

684-496: The Spanish utility company Unión Fenosa ; its stake in the business was subsequently increased to 45%); two years later, ACS Group opted to divest its stake to Gas Natural . In September 2011, ACS Group issued an offer to purchase a controlling stake in German rival Hochtief ; the latter mounted an unsuccessful challenge to this approach. During April 2011, the firm raised its stake in Hochtief to 50.16%, effectively acquiring

720-485: The award of concession contracts in excess of EUR 5,186,000 awarded on or after 18 April 2016. In the UK, the equivalent threshold for concession contracts is £4,104,394. Concession contracts granted by public bodies fall within the term "covered procurement" in the Procurement Act 2023 . ACS Group ACS, Actividades de Construcción y Servicios, S.A. ( Spanish pronunciation: [aθeˈese] )

756-945: The chairperson is Florentino Pérez . Listed on the Bolsa de Madrid , the company's shares form part of the IBEX 35 stock market index. The company was formed when a team of engineers acquired Construcciones Padrós S.A. , a construction business which had been in financial difficulty, in 1983. The company acquired a majority holding in Cobra , a support services business, and merged with OCISA S.A. to create OCP Construcciones, S.A. In 1993, it went on to merge with Ginés Navarro Construcciones, S.A. to create Grupo ACS in 1997. It subsequently bought Onyx SCL , an environmental contractor in 1999 and stakes in Xfera and Broadnet , telecommunications businesses in 2000 before going on to acquire Dragados S.A. ,

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792-468: The company's strategy of continuous rotation of mature assets to generate resources for new projects, ACS Group sold a 74% stake in a batch of six tranches of ‘shadow toll’ highways in Spain to Hermes for €950 million. In October 2020, ACS Group announced that it had received a €5.2 billion ($ 6.08 billion) bid from the French infrastructure group Vinci SA for its ACS Industrial division; this transaction

828-552: The company. During 2017, the company participated in a bidding war to acquire the toll road management business Abertis . In October 2018, ACS Group joined with the Italian holding firm Atlantia to undertake a 16.5 billion euro ($ 19 billion) acquisition of Abertis as part of its ambition to build the world's largest toll road group; the transaction was approved by the European Commission . Two years later, under

864-488: The consortium Ardian Infrastructure and Crédit Agricole Assurances. During May 2015, Vinci and Orix were jointly awarded a 45-year contract to operate Itami Airport and Kansai International Airport in Osaka Prefecture , Japan, under a deal valued at around $ 18 billion. In March 2017, the company won the concession to operate the international airport at Salvador, Bahia for 30 years. During October 2017,

900-468: The facilities and assets to the concessionaire. Those that were built, acquired and designated by the concessionaire may initially be owned and controlled by the concessionaire and these will be transferred to the authority once its concession duration is ended. Muhammad Ali of Egypt used contracts called concessions to build cheap infrastructure - dams and railroads - whereby foreign European companies would raise capital, build projects, and collect most of

936-402: The facilities. The assets and facilities that were built, designated, and acquired prior to the turnover of operations and maintenance from the authority to the concessionaire and are included on a plan of a project that was planned by an authority are predetermined as owned by the authority and to be operated and maintained by the concessionaire upon the turnover of operations and maintenance of

972-500: The merger of Holst & Co, established in 1918, and Norwest Construction, established in 1923), bought in 1991. In 1988, SGE was acquired by Compagnie générale des eaux , which was later renamed Vivendi . In 2000, the company changed its name to Vinci. During 2001, Vinci acquired Groupe GTM, which was a combination of Dumez (founded in 1880) and GTM (founded in 1891). One year later, the British-based business Norwest Holst

1008-668: The operating revenue but would provide Ali's government with a portion of that revenue. Within the European Union , the granting of concessions by public bodies is subject to regulation. Works concessions have been subject to award rules for some time as Directive 2004/18/EC of the European Parliament and of the Council of the EU on public procurement applied to works concessions. The award of services concessions with

1044-463: The responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the government and will in turn be paid an agreed fee. A grant of land or a property by the government may be in return for services or for a particular use, a right to undertake and profit by a specified activity, a lease for a particular purpose. A concession may include the right to use some existing infrastructure required to carry out

1080-416: The role of an authority and concessionaire and conditions regarding control and ownership of the assets and facilities such as concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an authority once the duration of their concession ended or both the authority and concessionaire control and own

1116-468: The third largest airport in France and being built on a site of 2,000 hectares of woodland and marsh with an acknowledged social and ecological value. This project was financed through a public-private partnership with profits going to Vinci. In November 2012, protests took place to prevent the expulsion of villagers and farmers who were struggling to protect their environment who were receiving support at both

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1152-560: The valuable Khimki Forest . This construction has raised many protests in Russia, 75% of the local community – about 208,000 citizens of Khimki – oppose the project. There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted. Vinci attracted protests in relation to its project to build an airport in Notre-Dame-des-Landes near Nantes , expected to become

1188-404: Was completed during the following year. Additional arrangements between the two companies led to the creation of a joint venture focused on the renewable energy sector. During 2021, ACS Group conducted an internal review to simplify its structure and allegedly considered spinning out its construction business; around this time, the company was focused on increasing its toll road division within

1224-687: Was largely attributed to its construction portfolio in the United States and Australia, particularly its toll road interests. Major projects involving the company have included the Alqueva Dam completed in 2002, the Palau de les Arts Reina Sofia completed in 2005, the Torre Agbar completed in 2005, the Torre de Cristal completed in 2008, the Torre Caja Madrid completed in 2008,

1260-402: Was owned by Compagnie générale d'électricité (CGE), now Alcatel , from 1966 until 1981, when Saint-Gobain acquired a majority stake. Companies acquired by SGE include Sogea (a civil engineering firm founded in 1878), bought in 1986, Campenon Bernard (a civil engineering and development firm founded in 1920), bought in 1988, and Norwest Holst (a British civil engineering firm founded in 1969 by

1296-585: Was renamed Vinci plc. The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006, and Bachy-Soletanche, the world's second-largest geotechnical specialist contractor (after Bauer) in February 2007. It also bought the UK operations of Taylor Woodrow Construction for £74m in September 2008. During August 2009, Vinci acquired a portion of the troubled contractor Haymills. One month later, it acquired

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