VINCI takes a majority stake in GEOSTOCK, leader in underground hydrocarbon storage

  VINCI takes a majority stake in GEOSTOCK, leader in underground hydrocarbon
  storage

Business Wire

RUEIL-MALMAISON, France -- October 23, 2012

Regulatory News:

ENTREPOSE Contracting, the VINCI (Paris:DG) subsidiary specialising in the
design and construction of industrial projects in the oil and gas sectors in
particular and the energy and environmental sectors in general, has signed a
preliminary agreement with TOTAL to increase to 90% its stake in the capital
of GEOSTOCK, leader in underground storage facilities for liquid and gaseous
hydrocarbons. The operation requires authorisation by the competition
authorities, notably in Germany.

With consolidated revenues of €83 million in 2011, GEOSTOCK is active in 26
countries and has a prestigious customer portfolio covering design, project
management and operation of underground storage facilities in France and
internationally.

This investment strengthens the range of services Entrepose Contracting offers
to its clients in the oil and gas sectors, in low-carbon energies including
geothermal energies and in CO2 capture.

About ENTREPOSE Contracting(www.entrepose.fr): ENTREPOSE Contracting is a
VINCI subsidiary specialising in the design and construction of complex
industrial projects in the oil and gas sectors in particular and the energy
and environmental sectors in general. From creating transport and storage
solutions to delivering turnkey projects, the Group is constantly developing
its expertise in contracting and project management in sensitive environments.
ENTREPOSE Contracting places particular emphasis on standards compliance in
terms of Quality, Health & Safety and Environmental Management (QHSE
accreditations) and possesses unique know-how enabling it to meet the most
stringent requirements at the highest level of performance.

About GEOSTOCK(www.geostockgroup.com): Geostock is an international
engineering group and a key player in underground storage of liquid, liquefied
and gaseous hydrocarbons. Founded in 1965, the company has acquired unique
know-how in its field. Whatever the products stored or the techniques used,
Geostock's industry expertise enables it to provide quality services and
solutions at the forefront of technology. Geostock can rely on its network of
companies to propose a global offer covering the whole of the underground
storage chain (consulting, engineering and operations), but also a targeted
offer tailored to the needs of the customer, whom we support from the start of
their project.

Contact:

Press contact:
VINCI
Maxence Naouri, 33 (0)1 47 16 31 82
maxence.naouri@vinci.com
 
Press spacebar to pause and continue. Press esc to stop.