Vinci (corporately styled VINCI) is a French
concessions and
construction
Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...
company founded in 1899 as Société Générale d'Enterprises. Its head office is in
Nanterre
Nanterre (, ) is the prefecture of the Hauts-de-Seine department in the western suburbs of Paris. It is located some northwest of the centre of Paris. In 2018, the commune had a population of 96,807.
The eastern part of Nanterre, bordering t ...
, in the western suburbs of
Paris
Paris () is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 km² (41 sq mi), making it the 30th most densely populated city in the world in 2020. S ...
. Vinci is listed on
Euronext
Euronext N.V. (short for European New Exchange Technology) is a pan-European bourse that offers various trading and post-trade services.
Traded assets include regulated equities, exchange-traded funds (ETF), warrants and certificates, bonds, de ...
'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 Alcatel may refer to:
* Alcatel, a former French telecommunications equipment company, which became Alcatel-Lucent and is now part of Nokia
* Alcatel Mobile, a brand of mobile phones, tablets and wearables, formerly a joint venture between Alcatel ...
, from 1966 until 1981, when
Saint-Gobain
Compagnie de Saint-Gobain S.A. () is a French multinational corporation, founded in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Originally a mirror manufacturer, it now also produces a variety of ...
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
Vivendi SE is a French mass media holding company headquartered in Paris. Widely known as the owner of Gameloft, Groupe Canal+, Havas, Editis, Prisma Media, Vivendi Village and Dailymotion, the company has activities in television, film, video ...
. 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
Taylor Woodrow Construction, branded as Taylor Woodrow, is a UK-based civil engineering contractor and one of four operating divisions of Vinci Construction UK. The business was launched in 2011, combining civil engineering operations from the ...
in September 2008.
Vinci acquired
Cegelec
Cegelec is a French engineering company specialized in electrical infrastructure, HVAC, information technology, nuclear energy development, transport infrastructure, robotics and offering both public and private services. Cegelec was officiall ...
, 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
The Go-Ahead Group plc is a passenger transport company based in Newcastle upon Tyne, England, with operations in the United Kingdom, Ireland, Singapore, Norway and Germany. Formerly listed on the London Stock Exchange, in 2022 it was purchased ...
in September 2010. Then, in 2012, Vinci signed a deal to buy
ANA Aeroportos de Portugal
ANA Aeroportos de Portugal is the airport authority of Portugal. The authority manages various airports including Portugal's largest airport, Lisbon Airport. The authority has its head office in Building 120 on the grounds of the airport.
Histor ...
for €3,080 million.
In December 2013, Vinci was awarded a contract worth €440 million to build an express-lane highway system in
Atlanta
Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,715 ...
,
Georgia
Georgia most commonly refers to:
* Georgia (country), a country in the Caucasus region of Eurasia
* Georgia (U.S. state), a state in the Southeast United States
Georgia may also refer to:
Places
Historical states and entities
* Related to the ...
. 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
, styled as ORIX, is a Japanese diversified financial services group headquartered in Minato, Tokyo, and Osaka, Japan.
ORIX offers leasing, lending, rentals, life insurance, real estate financing and development, venture capital, investment an ...
won a 45-year contract in 2015 to operate
Itami Airport
, often referred to as is the primary regional airport for the Kansai region of Japan, including the major cities of Osaka, Kyoto and Kobe. Classified as a first class airport, it is the airport closest to Kyoto, southwest of Kyoto Station. ...
and
Kansai International Airport
Kansai International Airport ( ja, 関西国際空港, Kansai Kokusai Kūkō) commonly known as is the primary international airport in the Greater Osaka Area of Japan and the closest international airport to the cities of Osaka, Kyoto, and K ...
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
Gatwick Airport (), also known as London Gatwick , is a major international airport near Crawley, West Sussex, England, south of Central London. In 2021, Gatwick was the third-busiest airport by total passenger traffic in the UK, after H ...
.
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 concessi ...
,
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
The Qatar Investment Authority (QIA; ar, جهاز قطر للإستثمار) is Qatar's sovereign wealth fund. The QIA was founded by the State of Qatar in 2005 to strengthen the country's economy by diversifying into new asset classes. In 2021 ...
– 5%
*
Treasury shares
A treasury stock or reacquired stock is Share capital, stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings).
Share repurchase, Stock repurcha ...
– 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
The Gariep Dam is located in South Africa, near the town of Norvalspont, bordering the Free State and Eastern Cape provinces. Its primary purpose is for irrigation, domestic and industrial use as well as for power generation.
Name
The 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 ...
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
The Louvre ( ), or the Louvre Museum ( ), is the world's most-visited museum, and an historic landmark in Paris, France. It is the home of some of the best-known works of art, including the ''Mona Lisa'' and the ''Venus de Milo''. A central l ...
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
The ''Pont de Normandie'' ( en, Normandy Bridge) is a cable-stayed road bridge that spans the river Seine linking Le Havre to Honfleur in Normandy, northern France. Its total length is – between the two piers. It is also the last bridge to cr ...
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
Whiston Hospital is an acute general hospital in Whiston, Merseyside, though its postal address places it in adjacent Prescot. The hospital, along with St Helens Hospital, is managed by the St Helens and Knowsley Teaching Hospitals NHS Trust.
Hi ...
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
Khimki Forest is a forest near the Russian city of Moscow covering about 1000 hectares. It is part of the so-called "Green Belt" around Moscow. An $8 billion high speed road, the Moscow–Saint Petersburg motorway (M11), has been proposed to go thr ...
. 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
Christians () are people who follow or adhere to Christianity, a monotheistic Abrahamic religion based on the life and teachings of Jesus Christ. The words ''Christ'' and ''Christian'' derive from the Koine Greek title ''Christós'' (Χρι ...
[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
Blacklisting is the action of a group or authority compiling a blacklist (or black list) of people, countries or other entities to be avoided or distrusted as being deemed unacceptable to those making the list. If someone is on a blacklist, t ...
. 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