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    DG   FR0000125486

VINCI

(DG)
  Report
Real-time Euronext Paris  -  11:35 2022-11-29 am EST
96.59 EUR   -0.21%
11/28Vinci Commissions Solar Power Plant in Portuguese Airport
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11/28Disclosure of transactions in own shares from November 21st to November 25th, 2022
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11/28Disclosure of transactions in own shares from November 21st to November 25th, 2022
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Vinci to Buy ACS's Energy Business for Around EUR4.9 Billion

04/01/2021 | 03:27am EST

By Pietro Lombardi

Vinci SA has signed an agreement to buy the energy business of Actividades de Construccion y Servicios SA for around 4.9 billion euros ($5.75 billion) in cash.

The French construction and infrastructure company said Thursday that the move aims to create a global player in energy contracting and to develop a platform for renewables projects.

Under the agreement, ACS may receive up to around EUR600 million in additional payments, depending on some milestones related to renewables.

The deal is based on an enterprise value of EUR4.2 billion, and the estimated purchase price is based on the assumption that the deal is closed by the end of the year.

Vinci will fund the deal with its cash and credit lines. It expects the acquisition to have a positive impact--in the mid- to high-single-digits--on its earnings per share from the first year after closing.

The business has around 45,000 employees and a focus on Spain and Latin America.

Vinci and ACS will also form a joint venture focused on renewables assets, in which the French company will have a 51% stake.

Write to Pietro Lombardi at pietro.lombardi@wsj.com; @pietrolombard10

(END) Dow Jones Newswires

04-01-21 0326ET

Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. 1.25% 26.83 Delayed Quote.13.83%
DOW JONES INDUSTRIAL 0.01% 33852.53 Real-time Quote.-5.48%
VINCI -0.21% 96.59 Real-time Quote.3.96%
All news about VINCI
11/28Vinci Commissions Solar Power Plant in Portuguese Airport
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Analyst Recommendations on VINCI
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Financials
Sales 2022 59 592 M 61 620 M 61 620 M
Net income 2022 4 055 M 4 193 M 4 193 M
Net Debt 2022 18 634 M 19 268 M 19 268 M
P/E ratio 2022 13,6x
Yield 2022 3,86%
Capitalization 54 459 M 56 312 M 56 312 M
EV / Sales 2022 1,23x
EV / Sales 2023 1,15x
Nbr of Employees 218 569
Free-Float 84,8%
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Technical analysis trends VINCI
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Mean consensus BUY
Number of Analysts 21
Last Close Price 96,59 €
Average target price 111,45 €
Spread / Average Target 15,4%
EPS Revisions
Managers and Directors
Xavier Huillard Deputy General Manager & Senior EVP
Christian Labeyrie Chief Financial Officer & Executive Vice President
Robert Castaigne Independent Director
Yannick Assouad Lead Independent Director
Graziella Gavezotti Independent Director
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