VINCI's subsidiary VINCI Highways signed an agreement to acquire a portfolio of nine toll highway concessions from funds managed by Macquarie Asset Management. Financial terms were not disclosed in the report. The deal expands VINCI's concessions/highways footprint and should add long-dated, concession-style cash flows, modestly positive for the concessions division and VINCI's long-term revenue stability.
VINCI's subsidiary VINCI Highways signed an agreement to acquire a portfolio of nine toll highway concessions from funds managed by Macquarie Asset Management. Financial terms were not disclosed in the report. The deal expands VINCI's concessions/highways footprint and should add long-dated, concession-style cash flows, modestly positive for the concessions division and VINCI's long-term revenue stability.
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