Vinci: European green light for Lusoponte deal
(CercleFinance.com) - Under EU Merger Regulations the European Commission has approved the acquisition of joint control of the Portuguese company Lusoponte - Concessionária para a Travessia do Tejo (Lusoponte) by the Portuguese company Lineas and Vinci Highways (Vinci).
Lusoponte is responsible for the design, construction, financing, operation and maintenance of a toll system for the Vasco da Gama and 25 de Abril bridges over the Tagus in Lisbon. This concession held by Lusoponte will expire in March 2030.
Lineas manages holdings in companies operating exclusively in the public and private road concessions sector, as well as in companies that participate in public and private contracts for road, rail and airport concessions. Meanwhile, Vinci operates motorway concessions.
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