Deals
Vinci to Acquire Lima Toll Road in Peru in $1.7 Billion Deal
- Deal with Brazil’s Invepar expected to close in second half
- Plan is to extend route which is under concession until 2049
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Vinci SA plans to acquire a toll road concession in Lima in a deal valued at about 1.5 billion euros ($1.7 billion) as Europe’s largest construction company bets clogged routes in the Peruvian capital will generate traffic demand.
The French builder will take over concession-holder Lamsac and PEX, which operates the associated electronic toll collection system, from Brazilian owner Investimentos & Participacoes em Infraestrutura SA, the Rueil-Malmaison, France-based company said in a statement on Monday. The deal is expected to close in the second half of this year.