Strategic Partnership Between Qatari Diar and VINCI
The press release states, “Qatari Diar and VINCI announce that they have held exclusive negotiations that have resulted in the following proposal: Qatari Diar is to contribute its subsidiary CEGELEC to VINCI in exchange for an equity holding in VINCI. This contribution is envisaged on the basis of 31.5 million VINCI shares for 100% of CEGELEC.
Qatari Diar would accordingly become VINCI’s largest shareholder behind the Group’s employee savings funds.
This transaction, aimed at underpinning an ambitious business project, would fit into the dynamics of a strategic partnership between Qatari Diar and VINCI. This partnership would combine enhanced business cooperation and the finalisation of a stable shareholding agreement between the two partners. In accordance with regulatory provisions, the project will be submitted first to employee representative bodies for consultation and will also have to be cleared by the competent competition authorities.”
read more: Vinci Press Release
Contact the writer or creator of this article or page.
Questions or comments: support(at)swfinstitute(dot)org
Follow on Twitter at @swfinstitute and @sovereignfunds
Learn, Attend and Network: Institutional Investor Events and Summits
Go Back: HOME: Sovereign Wealth Fund Institute