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Vinci (corporately styled VINCI) is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. 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.


History

The company was founded by Alexandre Giros and
Louis Loucheur Louis Loucheur (12 August 1872 in Roubaix, Nord (French department), Nord – 22 November 1931 in Paris) was a French politician in the French Third Republic, Third Republic, at first a member of the conservative Republican Federation, then of th ...
as Société Générale d’Entreprises S.A. (SGE) in 1899. SGE 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 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, now Vivendi. In 2000, the company changed its name to Vinci. In 2001, Vinci acquired Groupe GTM, which was a combination of Dumez, founded in 1880, and GTM, founded in 1891. In 2002, the UK business Norwest Holst was renamed Vinci plc. The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006, and Soletanche-Bachy, the world's second-largest geotechnical specialist contractor (after Bauer) in February 2007. It also bought the UK operations of Taylor Woodrow Construction in September 2008. Vinci acquired Cegelec, as well as the European aggregates businesses of
Tarmac Tarmac may refer to: Engineered surfaces * Tarmacadam, a mainly historical tar-based material for macadamising road surfaces, patented in 1902 * Asphalt concrete, a macadamising material using asphalt instead of tar which has largely superseded ta ...
, in 2010 and it bought Meteor Parking from the Go-Ahead Group in September 2010. Then, in 2012, Vinci signed a deal to buy ANA Aeroportos de Portugal for €3,080 million. In December 2013, Vinci was awarded a contract worth €440 million to build an express-lane highway system in Atlanta, Georgia. In 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 the consortium Ardian Infrastructure and Crédit Agricole Assurances. Vinci and Orix won a 45-year contract in 2015 to operate Itami Airport and Kansai International Airport in
Osaka Prefecture is a Prefectures of Japan, prefecture of Japan located in the Kansai region of Honshu. Osaka Prefecture has a population of 8,778,035 () and has a geographic area of . Osaka Prefecture borders Hyōgo Prefecture to the northwest, Kyoto Prefecture ...
, Japan, at a price of around $18 billion. In March 2017, the company invested in Brazil to operate the
international airport An international airport is an airport with customs and border control facilities enabling passengers to travel between countries around the world. International airports are usually larger than domestic airports and they must feature longer ...
at
Salvador, Bahia Salvador (English: ''Savior'') is a Brazilian municipality and capital city of the state of Bahia. Situated in the Zona da Mata in the Northeast Region of Brazil, Salvador is recognized throughout the country and internationally for its cuisine ...
for 30 years. In October 2017, Australian construction contractor Seymour Whyte was purchased. In November 2017, the company invested in Sweden to acquire Eitech and Infratek, specialists in electrical works and engineering. In May 2019, Vinci acquired a 50.01% stake in Gatwick Airport. On 7 April 2021, Vinci won the concession to operate for 30 years the following airports in Brazil: Manaus-Brig. Eduardo Gomes International Airport,
Tabatinga International Airport Tabatinga International Airport is the airport serving Tabatinga, Brazil. It is operated by Vinci SA. History Previously operated by Infraero, on April 7, 2021 Vinci SA won a 30-year concession to operate the airport. Airlines and destinations ...
,
Tefé Airport Tefé Airport is the airport serving Tefé, Brazil. It is named after Orlando Marinho (1925-2018), a former mayor of Tefé. It is operated by Vinci SA. History Operated by Infraero since 1980, on April 7, 2021 Vinci SA won a 30-year concession ...
,
Rio Branco International Airport Rio Branco-Plácido de Castro International Airport is the airport serving Rio Branco, Brazil. Since April 13, 2009 the airport is named after José Plácido de Castro (1873–1908) a politician leader of the Acrean Revolution. It is operat ...
,
Cruzeiro do Sul International Airport Cruzeiro do Sul International Airport is the airport serving Cruzeiro do Sul, Brazil. It is the westernmost Brazilian airport served by scheduled flights. It is operated by Vinci SA. History The airport was commissioned on October 28, 1970. P ...
, Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport, and
Boa Vista International Airport Boa Vista−Atlas Brasil Cantanhede International Airport is the airport serving Boa Vista, Brazil. Since April 13, 2009 the airport is named after Atlas Brasil Cantanhede (1917-1973), a pilot and politician who in the 1950s pioneered aviatio ...
. On 31 December 2021, VINCI completed the acquisition of ACS’s energy business, Cobra IS.


Ownership

The breakdown of shareholders at 31 December 2019 is as follows: * Institutional investors outside France: 57.2% * Institutional investors inside France: 17.1% * Individual shareholders – 6.8% * Employees – 8.8% * Qatar Investment Authority – 5% * Treasury shares – 8.3%


Financial data

''Source: VINCI''


Competitors

''Source: VINCI Annual report 2016''


Turnover analysis

As of 2013, the turnover was split as follows: * design and construction of works (35.5%): primarily in the building, civil engineering and hydraulics * design, execution, and maintenance of energy and telecom infrastructures (26.5%; Vinci Energies); * construction, renovation and upkeep of transport infrastructures (19.7%; Eurovia): roads, highways, and rail roads. The group is also active in urban design and granulate production (No. 1 in France); * sub-contracted infrastructure management (16.3%; Vinci Concessions): primarily managing roads and highways (mainly through Autoroutes du Sud de la France and Cofiroute), airport activities; * other (2%) 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.


Notable projects

Vinci and its predecessor companies have been involved in many notable projects including: * Gariep Dam completed in 1971 *
Tour Montparnasse Tour Maine-Montparnasse (Maine-Montparnasse Tower), also commonly named Tour Montparnasse, is a office skyscraper located in the Montparnasse area of Paris, France. Constructed from 1969 to 1973, it was the tallest skyscraper in France until 2 ...
completed in 1972 *
Centre Georges Pompidou The Centre Pompidou (), more fully the Centre national d'art et de culture Georges-Pompidou ( en, National Georges Pompidou Centre of Art and Culture), also known as the Pompidou Centre in English, is a complex building in the Beaubourg area of ...
completed in 1977 *
Yamoussoukro Basilica The Basilica of Our Lady of Peace (french: link=no, Basilique Notre-Dame de la Paix) is a Catholic Church, Catholic minor basilica dedicated to Our Lady of Peace in Yamoussoukro, the administrative capital of Côte d'Ivoire (Ivory Coast). Guinnes ...
completed in 1989 * the new visitor entrance to the Louvre completed in 1989 *
Channel Tunnel The Channel Tunnel (french: Tunnel sous la Manche), also known as the Chunnel, is a railway tunnel that connects Folkestone (Kent, England, UK) with Coquelles ( Hauts-de-France, France) beneath the English Channel at the Strait of Dover. ...
completed in 1994 * Pont de Normandie completed in 1995 *
Stade de France The Stade de France (, ) is the national stadium of France, located just north of Paris in the commune of Saint-Denis. Its seating capacity of 80,698 makes it the sixth-largest stadium in Europe. The stadium is used by the France national foot ...
completed in 1998 * Rio–Antirrio bridge completed in 2004 * Whiston Hospital completed in 2013 *
Atlantic Bridge, Panama The Atlantic Bridge is a road bridge in Colón, Panama spanning the Atlantic entrance to the Panama Canal. Completed in 2019, it is the third bridge over the canal after the Bridge of the Americas and the Centennial Bridge, both on the Pacific s ...
completed in 2019


Criticism

Vinci is involved in construction of the first 43 km of the Moscow-Saint Petersburg motorway through the valuable Khimki Forest. This construction has raised many protests in Russia, 75% of the local community – about 208,000 citizens of
Khimki Khimki ( rus, Химки, p=ˈxʲimkʲɪ) is a city in Moscow Oblast, Russia, 18.25 kilometres northwest of central Moscow, and immediately beyond the Moscow city boundary. History Origins and formation Khimki was initially a railway station tha ...
– oppose the project. There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted.An engineering mom leads effort to save an old-growth Russian forest
By Fred Weir, Correspondent / 30 April 2012, Christian Science Monitor
Russia halts forest highway construction as opposition grows
26 August 2010, By Julia Ioffe, Los Angeles Times
Vinci attracted protests in relation to its project to build an airport in Notre-Dame-des-Landes near
Nantes Nantes (, , ; Gallo: or ; ) is a city in Loire-Atlantique on the Loire, from the Atlantic coast. The city is the sixth largest in France, with a population of 314,138 in Nantes proper and a metropolitan area of nearly 1 million inhabita ...
, expected to become 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 a national and international level. Vinci's Norwest Holst and Taylor Woodrow were revealed as subscribers to the UK's
Consulting Association The Consulting Association (TCA) was a controversial UK business (described by its key figure as "a non-profit making, unincorporated trade association"), based in Droitwich, which, from 1993 to 2009, maintained a database of British construction ...
, 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 the Scottish Affairs Committee as "an act of bad faith".


References


External links

* {{Authority control Construction and civil engineering companies of France Companies based in Paris Construction and civil engineering companies established in 1899 CAC 40 Companies listed on Euronext Paris Companies in the Euro Stoxx 50 French companies established in 1899