Vinci Highways to acquire 55% stake in 570km São Paulo motorway
VINCI Highways has announced an agreement to acquire a 55% majority stake in the Entrevias motorway concession in São Paulo State, Brazil from the Patria fund.
The contract involves:
- Operation and maintenance of a 299 km section in the north of São Paulo;
- Operation and maintenance of a 271 km section in the south of São Paulo to widen the section from 2x1 to 2x2 lanes over 210 km.
São Paulo motorway has a total length of 570 km that recorded around 30 million toll fares in 2021. Works on a 271 km section in the south of São Paulo to be completed by the end of 2025. The acquisition of Patria's stake is expected to close in 2023 after the waving of conditions precedent.
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