Colas and Destia sign acquisition agreement
Colas have signed an agreement to acquire 100% of the shares of Destia Oy, a major player in the road and rail and energy infrastructure in Finland. Destia currently belongs to Ahlström Capital Group. In 2020, the company generated revenue of EUR564 million (US$669.36 million).
The acquisition is in line with the strategy of Colas to pursue international growth in Northern Europe, the United States and Germany. The Northern European market offers solid growth prospects with significant needs for construction and maintenance of transport infrastructures. The transaction is expected to close by the end of 2021 and is subject to the approval of the competition authorities.
Country updates
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August 27, 2021
Eiffage announced acquisition of Aliénor and Sanef Aquitaine
Eiffage has decided to use its pre-emptive right to acquire the 35% of Aliénor stake held by Sanef. Aliénor is the concession company formed by both companies for the Autoroute A65 Pau-L...
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July 28, 2021
Tunnel development contract awarded for Lyon Turin Rail project
Tunnel Euralpin Lyon-Turin (TELT) in France has awarded the contract for works package 2 for the Lyon–Turin rail line project to Vinci Construction. The work package includes the construct...
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July 14, 2021
First close for BNP Paribas European Infrastructure Debt Fund II
BNP Paribas has announced the first close for its BNP Paribas European Infrastructure Debt Fund II after getting commitments of more than EUR300 million (US$355.89 million) from institutiona...
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July 08, 2021
Eleven companies in to design plans for Makasiiniranta mixed-use project
The city of Helsinki in Finland has received 11 qualified applications as part of the competition to develop and implement Makasiiniranta mixed-use project at the South Harbour, Helsinki. These qualif...
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July 05, 2021
Final close for Vauban Core Infra Fund III
Vauban Infrastructure Partners has reached a hard cap close of EUR2.5 billion (US$2.95 billion) for its third core infrastructure fund. Vauban Core Infrastructure Fund III will take a buy-and-h...
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