The Eiffage has announced an agreement to acquire from TCI Fund Management Limited a block of 13.71% of the share capital of Getlink representing 75,383,972 shares (the Block).

Through the deal, Eiffage will own an 18.79% equity stake in Getlink and become its largest shareholder once the Block is added to the 5.08% acquired in 2018. Eiffage plans to become a long-term investor in Getlink and reserves the right to continue its purchases subject to market conditions. Eiffage invested EUR1,194 million (US$1.182 million) in Getlink. Part of the capital gain would be paid back to TCI Fund Management Limited if the block is sold within eighteen months of its acquisition.

The acquisition is part of the Eiffage's strategy to diversify its concession portfolio in its target territories and will strengthen its participation as a key player in the decarbonization of transport in Europe.