CAC 40 Component
|Founder||Alexandre Giros, Louis Loucheur|
1 cours Ferdinand de Lesseps 92500 Rueil-Malmaison,
|Xavier Huillard (Chairman and CEO), Yves-Thibault de Silguy (Vice-Chairman)|
|Services||Infrastructure and property construction, transport infrastructure concessions (motorways, tunnels, airports, bridges, energy infrastructure and services|
|Revenue||€43.234 billion (2020)|
|€2.459 billion (2020)|
|€1.015 billion (2020)|
|Total assets||€91.165 billion (2020)|
|Total equity||€23.024 billion (2020)|
Number of employees
|Divisions||Eurovia, Vinci Energies, Vinci Construction, Vinci Concessions (airports, stadiums, highways), Vinci Autoroutes (Autoroutes du Sud de la France, Cofiroute, Escota, Arcour)|
Vinci, corporately styled VINCI, is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Rueil-Malmaison, 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.
The company was founded by Alexandre Giros and Louis Loucheur 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 2001, it acquired Groupe GTM, which was a combination of Dumez, founded in 1880, and GTM, founded in 1891.
The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006, and Soletanche-Bachy, the world second largest leading 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, 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.
In March 2017, the company invested in Brazil to operate the international airport at Salvador, Bahia 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.
On April 7, 2021 Vinci won the concession to operate for 30 years the following airports in Brazil: Manaus-Brig. Eduardo Gomes International Airport, Tabatinga International Airport, Tefé Airport, Rio Branco International Airport, Cruzeiro do Sul International Airport, Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport, and Boa Vista International Airport.
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%
Source: VINCI Annual report 2016
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.
Vinci and its predecessor companies has been involved in many major projects including:
- Gariep Dam completed in 1971
- Tour Montparnasse completed in 1972
- Centre Georges Pompidou completed in 1977
- Yamoussoukro Basilica completed in 1989
- the new visitor entrance to the Louvre completed in 1989
- Channel Tunnel completed in 1994
- Pont de Normandie completed in 1995
- Stade de France completed in 1998
- Rio–Antirrio bridge completed in 2004
- Whiston Hospital completed in 2013
- Atlantic Bridge, Panama due to complete in 2018
- Old Oak Common Station due to complete in 2030
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 – oppose the project. There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted.
Vinci attracted protests in relation to its project to build an airport in Notre-Dame-des-Landes near Nantes, 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, 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".
- "2020 Annual financial statements". Vinci. Retrieved 24 July 2021.
- "2020 Full Year Results Presentation" (PDF). Vinci. Retrieved 24 July 2021.
- "Contact Archived 27 March 2010 at the Wayback Machine." (Map Archived 26 July 2011 at the Wayback Machine) Vinci. Retrieved 7 July 2010.
- "Vinci website: company history". Vinci.com. Archived from the original on 29 November 2011. Retrieved 20 November 2011.
- "Vinci's Serge Michel dies". KHL. 20 March 2019. Retrieved 15 June 2020.
- "About us: Heritage". Vinci Construction. Retrieved 20 January 2021.
- "Vinci website: SGE history". Vinci.com. Retrieved 20 November 2011.
- "Autoroutes du Sud de La France history". Asf.fr. 16 January 2008. Archived from the original on 5 October 2011. Retrieved 20 November 2011.
- "Contract Journal". Contract Journal. 19 May 2011. Archived from the original on 11 May 2008. Retrieved 20 November 2011.
- "Vinci buys Taylor Woodrow". New Civil Engineer. 10 September 2008. Retrieved 1 April 2012.
- "Vinci to acquire Cegelec from Qatar fund". The Wall Street Journal. 1 September 2009. Retrieved 22 November 2017.
- Vinci buys Tarmac's European businesses for £250m The Construction Index
- Vinci Park doubles UK operation with Meteor acquisition Shopping Centre
- "Vinci sees off rivals to buy ANA". FT. 27 December 2012. Retrieved 22 November 2017.
- Leila Abboud (18 December 2013). "Vinci wins U.S. highway project worth 440 million euro". Reuters.
- "Vinci achève son désengagement de l'ex-Vinci Park" [Vinci disposes of the former Vinci Park]. Capital. 13 June 2016.
- Fujita, Junko (22 May 2015). "Orix only confirmed bidder for Kansai airport rights after more drop out". Reuters. Retrieved 14 September 2015.
- "VINCI Airports wins the concession for Salvador's airport in Brazil". VINCI.
- Court approves Scheme of Arrangement Seymour White 3 October 2017
- "Vinci Acquires Sweden-Based Eitech for Undisclosed Amount". Fox Business. 8 November 2017. Retrieved 6 December 2017.
- "London's Gatwick airport sold to French Vinci conglomerate". The Jakarta Post. Retrieved 27 December 2018.
- Gatwick Airport: Rapid Expansion to Continue as French Firm Vinci Takes Over The Independent 14 May 2019
- "Governo federal arrecada R$ 3,3 bilhões com leilão de 22 aeroportos". Agência Brasil (in Portuguese). Retrieved 7 April 2021.
- "Becoming a shareholder - Shareholders - Shareholders [VINCI]". Vinci.com. 5 February 2020. Retrieved 16 May 2018.
- "Core businesses". VINCI.
- "Euronext". Euronext. Retrieved 13 April 2013.
- "Vinci sees single-digit decline in the UK". The Construction Index. 20 May 2021. Retrieved 17 June 2021.
- "Vinci website: Hendrik Verwoerd Dam". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
- "Vinci website: Tour Montparnasse". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
- "Vinci website: Centre Georges Pompidou". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
- "Vinci website: Basilica of Our Lady of Peace of Yamoussoukro". Vinci.com. 25 March 1988. Archived from the original on 1 October 2011. Retrieved 20 November 2011.
- "Vinci website: Louvre". Vinci.com. Archived from the original on 1 October 2011. Retrieved 20 November 2011.
- "Channel Tunnel on Structurae database" (in German). En.structurae.de. Retrieved 20 November 2011.
- "Pont de Normandie on Structurae database" (in German). En.structurae.de. Retrieved 20 November 2011.
- "Vinci website: Stade de France". Vinci.com. Archived from the original on 1 October 2011. Retrieved 20 November 2011.
- "Rio–Antirrio bridge". Road Traffic Technology. Retrieved 1 April 2012.
- Whiston Hospital, St Helens and Knowsley Teaching Hospitals NHS Trust, retrieved 3 May 2018
- "Three Qualified To Bid on Third Bridge Over Panama Canal Project". Panama-Guide. 30 March 2012. Retrieved 17 April 2012.
- "Old Oak Common: No Ordinary Station". RAIL. No. 909. 15 July 2020. p. 48-9.
- "HS2 contracts worth £6.6bn awarded by UK government". The Guardian. 17 July 2017. Retrieved 13 October 2017.
- "Проблема сохранения Химкинского леса". Levada.ru. 15 September 2010. Archived from the original on 25 January 2012. Retrieved 20 November 2011.
- 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, Company Profile – Corporate Watch". Corporatewatch.org. Retrieved 16 May 2018.
- "Construction blacklist compensation scheme opens". BBC News. BBC. 4 July 2014. Retrieved 7 September 2015.
- "Scottish Affairs - Seventh Report Blacklisting in Employment: Final Report". www.parliament.uk. Scottish Affairs Committee. Retrieved 7 September 2015.