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| logo = Vinci logo.svg
| logo = Vinci logo.svg
| type = [[Public company|Public]] ([[S.A. (corporation)|''Société Anonyme'']])
| type = [[Public company|Public]] ([[S.A. (corporation)|''Société Anonyme'']])
| image=Vinci headquarters at Nanterre - 2021-07-11.jpg
| image = Vinci headquarters at Nanterre - 2021-07-11.jpg
| image_caption = Vinci headquarters in [[Nanterre]], near [[Paris]] (2021)
| image_caption = Vinci headquarters in [[Nanterre]], near [[Paris]] (2021)
| traded_as = {{Euronext|DG|FR0000125486|XPAR}}<br>[[CAC 40|CAC 40 Component]]
| traded_as = {{EuronextParis|DG|FR0000125486|XPAR}}<br>[[CAC 40|CAC 40 Component]]
| foundation = {{start date and age|1899}}
| foundation = {{start date and age|1899}}
| founders = Alexandre Giros<br />[[Louis Loucheur]]
| founders = Alexandre Giros<br />[[Louis Loucheur]]
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| location_city = [[Nanterre]]
| location_city = [[Nanterre]]
| location_country = France
| location_country = France
| key_people = [[Xavier Huillard]] <small>(Chairman and CEO)</small>, [[Yves-Thibault de Silguy]] <small>(Vice-Chairman)</small>
| key_people = [[Xavier Huillard]] <small>(Chairman and CEO)</small>
| area_served = Worldwide
| area_served = Worldwide
| industry = [[Construction industry|Construction]]
| industry = [[Construction industry|Construction]]
| services = Infrastructure and property construction, transport infrastructure [[Concession (contract)|concessions]] (motorways, tunnels, airports, bridges), [[energy industry|energy]] infrastructure and services
| services = Infrastructure and property construction, transport infrastructure [[Concession (contract)|concessions]] (motorways, tunnels, airports, bridges), [[energy industry|energy]] infrastructure and services
| revenue = {{decrease}} €43.234 billion <small>(2020)</small><ref name="AR">{{cite web |url=https://www.vinci.com/vinci.nsf/en/page/finance-results-annual-financial-statements.htm#statement|title=2020 Annual financial statements |publisher=Vinci|access-date=24 July 2021}}</ref>
| revenue = {{increase}} €61.675 billion <small>(2022)</small><ref name="AR">{{cite web |url=https://www.vinci.com/publi/vinci/vinci-2022-universal-registration-document.pdf|title=2022 Annual financial statements |publisher=Vinci|access-date=22 January 2024}}</ref>
| operating_income = {{decrease}} €2.459 billion <small>(2020)</small><ref name="AR"/>
| operating_income = {{increase}} €6.824 billion <small>(2022)</small><ref name="AR"/>
| net_income = {{decrease}} €1.015 billion <small>(2020)</small><ref name="AR"/>
| net_income = {{increase}} €4.259 billion <small>(2022)</small><ref name="AR"/>
| assets = {{increase}} €91.165 billion <small>(2020)</small><ref name="AR"/>
| assets = {{increase}} €111.991 billion <small>(2022)</small><ref name="AR"/>
| equity = {{decrease}} €23.024 billion <small>(2020)</small><ref name="AR"/>
| equity = {{increase}} €29.409 billion <small>(2022)</small><ref name="AR"/>
| num_employees = 217,731 <small>(2020)</small><ref>{{cite web|url=https://www.vinci.com/commun/presentations.nsf/C4B496DB3F0215DDC1258672005E4802/$File/vinci-2020-full-year-results.pdf|title=2020 Full Year Results Presentation|publisher=Vinci|access-date=24 July 2021}}</ref>
| num_employees = 275,000 <small>(2023)</small><ref>{{cite web|url=https://www.lexpress.fr/70-ans-lexpress/colloque/|title=Tomorrow belongs to the field, Masterclass with Xavier Huillard, Chairman and Chief Executive Officer of VINCI at the Exceptional symposium of the Express for its 70th anniversary |publisher=Express|access-date=23 October 2023}}</ref>
| divisions = Eurovia, Vinci Energies, Vinci Construction, Vinci Concessions (airports, stadiums, highways), Vinci Autoroutes (Autoroutes du Sud de la France, Cofiroute, Escota, Arcour)
| divisions = Vinci Autoroutes (Autoroutes du Sud de la France, Cofiroute, Escota, Arcour), Vinci Concessions (airports, stadiums, highways), Vinci Energies, Cobra IS, Vinci Construction
| homepage = [http://www.vinci.com/ www.vinci.com]
| homepage = [http://www.vinci.com/ www.vinci.com]
}}
}}


'''Vinci''' (corporately styled '''VINCI''') is a French [[Concession (contract)|concessions]] and [[construction]] company founded in 1899 as Société Générale d'Enterprises. Its head office is in [[Nanterre]], in the western suburbs of [[Paris]].<ref>"[http://www.vinci.com/vinci.nsf/en/contact.htm Contact] {{Webarchive|url=https://web.archive.org/web/20100327213939/http://www.vinci.com/vinci.nsf/en/contact.htm |date=27 March 2010 }}." ([http://www.vinci.com/vinci.nsf/en/plan/$file/plan1.gif Map] {{Webarchive|url=https://web.archive.org/web/20110726022343/http://www.vinci.com/vinci.nsf/en/plan/$file/plan1.gif |date=26 July 2011 }}) Vinci. Retrieved 7 July 2010.</ref> Vinci is listed on [[Euronext]]'s Paris stock exchange and is a member of the [[Euro Stoxx 50]] index.
'''Vinci''' (corporately styled '''VINCI''') is a French [[Concession (contract)|concessions]] and [[construction]] company founded in 1899 as Société Générale d'Entreprises. Its head office is in [[Nanterre]], in the western suburbs of [[Paris]].<ref>"[http://www.vinci.com/vinci.nsf/en/contact.htm Contact] {{Webarchive|url=https://web.archive.org/web/20100327213939/http://www.vinci.com/vinci.nsf/en/contact.htm |date=27 March 2010 }}." ([http://www.vinci.com/vinci.nsf/en/plan/$file/plan1.gif Map] {{Webarchive|url=https://web.archive.org/web/20110726022343/http://www.vinci.com/vinci.nsf/en/plan/$file/plan1.gif |date=26 July 2011 }}) Vinci. Retrieved 7 July 2010.</ref> Vinci is listed on [[Euronext]]'s Paris stock exchange and is a member of the [[Euro Stoxx 50]] index.


==History==
==History==
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Companies acquired by SGE include Sogea (a civil engineering firm founded in 1878), bought in 1986, Campenon Bernard (a civil engineering and development firm founded in 1920), bought in 1988, and Norwest Holst (a British civil engineering firm founded in 1969 by the merger of Holst & Co, established in 1918, and Norwest Construction, established in 1923),<ref name="Heritage">{{cite web |title=About us: Heritage |url=https://www.vinciconstruction.co.uk/about-us/heritage/ |website=Vinci Construction |access-date=20 January 2021}}</ref> bought in 1991.<ref name="history" />
Companies acquired by SGE include Sogea (a civil engineering firm founded in 1878), bought in 1986, Campenon Bernard (a civil engineering and development firm founded in 1920), bought in 1988, and Norwest Holst (a British civil engineering firm founded in 1969 by the merger of Holst & Co, established in 1918, and Norwest Construction, established in 1923),<ref name="Heritage">{{cite web |title=About us: Heritage |url=https://www.vinciconstruction.co.uk/about-us/heritage/ |website=Vinci Construction |access-date=20 January 2021}}</ref> bought in 1991.<ref name="history" />


In 1988, SGE was acquired by Compagnie générale des eaux, now [[Vivendi]].<ref>{{cite web|url=http://www.vinci.com/vinci.nsf/en/history-companies.htm?OpenAgent&sge |title=Vinci website: SGE history |publisher=Vinci.com |access-date=20 November 2011}}</ref> In 2000, the company changed its name to Vinci.<ref name="history" />
In 1988, SGE was acquired by Compagnie générale des eaux, now [[Vivendi]].<ref>{{cite web |url=http://www.vinci.com/vinci.nsf/en/history-companies.htm?OpenAgent&sge |title=Vinci website: SGE history |publisher=Vinci.com |access-date=20 November 2011 |archive-date=7 February 2012 |archive-url=https://web.archive.org/web/20120207105138/http://www.vinci.com/vinci.nsf/en/history-companies.htm?OpenAgent&sge |url-status=dead }}</ref> In 2000, the company changed its name to Vinci.<ref name="history" />


In 2001, Vinci acquired Groupe GTM, which was a combination of Dumez, founded in 1880, and GTM, founded in 1891.<ref name="history" /> In 2002, the UK business Norwest Holst was renamed Vinci plc.<ref name="Heritage"/>
In 2001, Vinci acquired Groupe GTM, which was a combination of Dumez, founded in 1880, and GTM, founded in 1891.<ref name="history" /> In 2002, the UK business Norwest Holst was renamed Vinci plc.<ref name="Heritage"/>


The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006,<ref>{{cite web |url=http://www.asf.fr/control/index.aspx?pageid=Internet2007Anglais.9902 |title=Autoroutes du Sud de La France history |publisher=Asf.fr |date=16 January 2008 |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20111005234622/http://www.asf.fr/control/index.aspx?pageid=Internet2007Anglais.9902 |archive-date=5 October 2011 |url-status=dead}}</ref> and Soletanche-Bachy, the world's second-largest geotechnical specialist contractor (after Bauer) in February 2007.<ref>{{cite web |url=http://www.contractjournal.com/Articles/2007/02/14/53631/vinci-completes-soletanche-takeover.html |title=Contract Journal |publisher=Contract Journal |date=19 May 2011 |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20080511025058/http://www.contractjournal.com/Articles/2007/02/14/53631/vinci-completes-soletanche-takeover.html |archive-date=11 May 2008 |url-status=dead}}</ref> It also bought the UK operations of [[Taylor Woodrow Construction]] in September 2008.<ref>{{cite web|url=http://www.nce.co.uk/energy/2008/09/acquisition_vinci_buys_taylor_woodrow.html |title=Vinci buys Taylor Woodrow|date=10 September 2008|publisher=[[New Civil Engineer]]|access-date=1 April 2012}}</ref>
The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006,<ref>{{cite web |url=http://www.asf.fr/control/index.aspx?pageid=Internet2007Anglais.9902 |title=Autoroutes du Sud de La France history |publisher=Asf.fr |date=16 January 2008 |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20111005234622/http://www.asf.fr/control/index.aspx?pageid=Internet2007Anglais.9902 |archive-date=5 October 2011 |url-status=dead}}</ref> and Bachy-Soletanche, the world's second-largest geotechnical specialist contractor (after Bauer) in February 2007.<ref>{{cite web |url=http://www.contractjournal.com/Articles/2007/02/14/53631/vinci-completes-soletanche-takeover.html |title=Contract Journal |publisher=Contract Journal |date=19 May 2011 |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20080511025058/http://www.contractjournal.com/Articles/2007/02/14/53631/vinci-completes-soletanche-takeover.html |archive-date=11 May 2008 |url-status=dead}}</ref> It also bought the UK operations of [[Taylor Woodrow Construction]] in September 2008.<ref>{{cite web|url=http://www.nce.co.uk/energy/2008/09/acquisition_vinci_buys_taylor_woodrow.html |title=Vinci buys Taylor Woodrow|date=10 September 2008|publisher=[[New Civil Engineer]]|access-date=1 April 2012}}</ref>


Vinci acquired [[Cegelec]],<ref>{{cite web|url=https://www.wsj.com/articles/SB125176021897474185|title=Vinci to acquire Cegelec from Qatar fund|date=1 September 2009|publisher=[[The Wall Street Journal]]|access-date=22 November 2017}}</ref> as well as the European aggregates businesses of [[Tarmac (company)|Tarmac]], in 2010<ref>[http://www.theconstructionindex.co.uk/news/company-news/Vinci-buys-Tarmac-s-European-businesses-for-250m Vinci buys Tarmac's European businesses for £250m] The Construction Index</ref> and it bought Meteor Parking from the [[Go-Ahead Group]] in September 2010.<ref>[http://www.shopping-centre.co.uk/news/archivestory.php/aid/3817/Vinci_Park_doubles_UK_operation_with_Meteor_acquisition__.html Vinci Park doubles UK operation with Meteor acquisition] Shopping Centre</ref> Then, in 2012, Vinci signed a deal to buy [[ANA Aeroportos de Portugal]] for €3,080 million.<ref>{{cite web|url=https://www.ft.com/content/b949feba-5050-11e2-9b66-00144feab49a|title=Vinci sees off rivals to buy ANA|date=27 December 2012|publisher=FT|access-date=22 November 2017}}</ref>
Vinci acquired [[Cegelec]],<ref>{{cite web|url=https://www.wsj.com/articles/SB125176021897474185|title=Vinci to acquire Cegelec from Qatar fund|date=1 September 2009|publisher=[[The Wall Street Journal]]|access-date=22 November 2017}}</ref> as well as the European aggregates businesses of [[Tarmac (company)|Tarmac]], in 2010<ref>[http://www.theconstructionindex.co.uk/news/company-news/Vinci-buys-Tarmac-s-European-businesses-for-250m Vinci buys Tarmac's European businesses for £250m] The Construction Index</ref> and it bought Meteor Parking from the [[Go-Ahead Group]] in September 2010.<ref>[http://www.shopping-centre.co.uk/news/archivestory.php/aid/3817/Vinci_Park_doubles_UK_operation_with_Meteor_acquisition__.html Vinci Park doubles UK operation with Meteor acquisition] Shopping Centre</ref> Then, in 2012, Vinci signed a deal to buy [[ANA Aeroportos de Portugal]] for €3,080 million.<ref>{{cite web|url=https://www.ft.com/content/b949feba-5050-11e2-9b66-00144feab49a|title=Vinci sees off rivals to buy ANA|date=27 December 2012|publisher=FT|access-date=22 November 2017}}</ref>
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In March 2017, the company invested in Brazil to operate the [[Salvador International Airport|international airport]] at [[Salvador, Bahia]] for 30 years.<ref>{{Cite web|url=https://www.vinci.com/vinci.nsf/en/press-releases/pages/20170316-1900.htm|title=VINCI Airports wins the concession for Salvador's airport in Brazil|website=VINCI}}</ref> In October 2017, Australian construction contractor Seymour Whyte was purchased.<ref>[https://www.asx.com.au/asxpdf/20171003/pdf/43mx5bdhfyx1x2.pdf Court approves Scheme of Arrangement] Seymour White 3 October 2017</ref> In November 2017, the company invested in Sweden to acquire Eitech and Infratek, specialists in electrical works and engineering.<ref>{{cite news|url= http://www.foxbusiness.com/features/2017/11/08/vinci-acquires-sweden-based-eitech-for-undisclosed-amount.html|title=Vinci Acquires Sweden-Based Eitech for Undisclosed Amount|date=8 November 2017|publisher=Fox Business|access-date=6 December 2017}}</ref>
In March 2017, the company invested in Brazil to operate the [[Salvador International Airport|international airport]] at [[Salvador, Bahia]] for 30 years.<ref>{{Cite web|url=https://www.vinci.com/vinci.nsf/en/press-releases/pages/20170316-1900.htm|title=VINCI Airports wins the concession for Salvador's airport in Brazil|website=VINCI}}</ref> In October 2017, Australian construction contractor Seymour Whyte was purchased.<ref>[https://www.asx.com.au/asxpdf/20171003/pdf/43mx5bdhfyx1x2.pdf Court approves Scheme of Arrangement] Seymour White 3 October 2017</ref> In November 2017, the company invested in Sweden to acquire Eitech and Infratek, specialists in electrical works and engineering.<ref>{{cite news|url= http://www.foxbusiness.com/features/2017/11/08/vinci-acquires-sweden-based-eitech-for-undisclosed-amount.html|title=Vinci Acquires Sweden-Based Eitech for Undisclosed Amount|date=8 November 2017|publisher=Fox Business|access-date=6 December 2017}}</ref>


In May 2019, Vinci acquired a 50.01% stake in [[Gatwick Airport]].<ref>{{cite news|url=https://www.thejakartapost.com/news/2018/12/27/londons-gatwick-airport-sold-to-french-vinci-conglomerate.html|title=London's Gatwick airport sold to French Vinci conglomerate|newspaper=[[The Jakarta Post]]|access-date=27 December 2018}}</ref><ref>[https://www.independent.co.uk/travel/news-and-advice/gatwick-airport-heathrow-vinci-lyon-lisbon-kansai-robot-car-parking-a8912661.html Gatwick Airport: Rapid Expansion to Continue as French Firm Vinci Takes Over] ''[[The Independent]]'' 14 May 2019</ref>
In May 2019, Vinci acquired a 50.01% stake in [[Gatwick Airport]].<ref>{{cite news|url=https://www.thejakartapost.com/news/2018/12/27/londons-gatwick-airport-sold-to-french-vinci-conglomerate.html|title=London's Gatwick airport sold to French Vinci conglomerate|last=Hecker|first=Jürgen|newspaper=[[The Jakarta Post]]|location=[[London]]|agency=[[Agence France-Presse]]|access-date=27 December 2018}}</ref><ref>{{cite news|url=https://www.independent.co.uk/travel/news-and-advice/gatwick-airport-heathrow-vinci-lyon-lisbon-kansai-robot-car-parking-a8912661.html|title=Gatwick Airport: Rapid Expansion to Continue as French Firm Vinci Takes Over|last=Calder|first=Simon|work=[[The Independent]]|location=[[London]]|date=14 May 2019}}</ref>


On 7 April 2021, Vinci won the concession to operate for 30 years the following airports in Brazil: [[Eduardo Gomes International Airport|Manaus-Brig. Eduardo Gomes International Airport]], [[Tabatinga International Airport]], [[Tefé Airport]], [[Rio Branco International Airport]], [[Cruzeiro do Sul International Airport]], [[Governador Jorge Teixeira de Oliveira International Airport|Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport]], and [[Boa Vista International Airport]].<ref>{{cite web | url=https://agenciabrasil.ebc.com.br/economia/noticia/2021-04/governo-federal-arrecada-r-33-bilhoes-com-leilao-de-22-aeroportos | title=Governo federal arrecada R$ 3,3 bilhões com leilão de 22 aeroportos | website=Agência Brasil | date=7 April 2021 | access-date=7 April 2021 | language=pt}}</ref>
On 7 April 2021, Vinci won the concession to operate for 30 years the following airports in Brazil: [[Eduardo Gomes International Airport|Manaus-Brig. Eduardo Gomes International Airport]], [[Tabatinga International Airport]], [[Tefé Airport]], [[Rio Branco International Airport]], [[Cruzeiro do Sul International Airport]], [[Governador Jorge Teixeira de Oliveira International Airport|Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport]], and [[Boa Vista International Airport]].<ref>{{cite web | url=https://agenciabrasil.ebc.com.br/economia/noticia/2021-04/governo-federal-arrecada-r-33-bilhoes-com-leilao-de-22-aeroportos | title=Governo federal arrecada R$ 3,3 bilhões com leilão de 22 aeroportos | website=Agência Brasil | date=7 April 2021 | access-date=7 April 2021 | language=pt}}</ref>

On 31 December 2021, VINCI completed the acquisition of ACS's energy business, Cobra IS.<ref>{{cite news|url=https://www.power-technology.com/news/vinci-energy-acs/|title=VINCI acquires energy business of ACS for $5.5bn|date=3 January 2022|newspaper=Power Technology|access-date=7 July 2022}}</ref>


==Ownership==
==Ownership==
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{| class="wikitable"
{| class="wikitable"
|+ '''Financial Data in euro millions'''
|+ '''Financial Data in euro billions'''
! Year
! Year
! 2010
! 2010
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! 2019
! 2019
! 2020
! 2020
! 2021
! 2022


|-
|-
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| 48,053
| 48,053
| 43,234
| 43,234
| 49,396
| 61,675
|-
|-
| [[Earnings before interest and taxes|EBIT]]
| [[Earnings before interest and taxes|EBIT]]
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| 5,734
| 5,734
| 2,459
| 2,459
| 4,723
| 6,824
|-
|-
| Net result
| Net result
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| 3,260
| 3,260
| 1,015
| 1,015
| 2,597
| 4,259
|-
|-
| Net debt
| Net debt
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| 21,654
| 21,654
| 17,989
| 17,989
| 19,266
| 18,536
|-
|-
| Staff
| Staff
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| 222,397
| 222,397
| 217,731
| 217,731
| 219,299
| 271,648
|}
|}
''Source: VINCI<ref>{{cite web|url=https://www.vinci.com/vinci.nsf/en/item/finance-results-core-businesses.htm |title=Core businesses | publisher=VINCI}}</ref>
''Source: VINCI''<ref>{{cite web|url=https://www.vinci.com/vinci.nsf/en/item/finance-results-core-businesses.htm |title=Core businesses | publisher=VINCI}}</ref>


== Competitors ==
== Competitors ==
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* Brisa
* Brisa


'''VINCI Airports'''
'''[[Vinci Airports]]'''


* AENA
* AENA
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outside France:
outside France:
* Royal BAM Group
* Strabag
* Strabag
* Amey
* Amey
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outside France:
outside France:
* Royal BAM Group
* Balfour Beatty
* Balfour Beatty
* Kier
* Kier
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* Keller
* Keller
|}
|}
''Source: VINCI Annual report 2016
''Source: VINCI Annual report 2016''


== Turnover analysis ==
== Turnover analysis ==
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In 2020, Vinci UK turnover was £858.5m, with pre-tax profit of £16.2m.<ref name="TCI-20May2021">{{cite news |title=Vinci sees single-digit decline in the UK |url=https://www.theconstructionindex.co.uk/news/view/vinci-sees-single-digit-decline-in-the-uk |access-date=17 June 2021 |work=The Construction Index |date=20 May 2021}}</ref>
In 2020, Vinci UK turnover was £858.5m, with pre-tax profit of £16.2m.<ref name="TCI-20May2021">{{cite news |title=Vinci sees single-digit decline in the UK |url=https://www.theconstructionindex.co.uk/news/view/vinci-sees-single-digit-decline-in-the-uk |access-date=17 June 2021 |work=The Construction Index |date=20 May 2021}}</ref>


==Major projects==
==Notable projects==
Vinci and its predecessor companies has been involved in many major projects including:
Vinci and its predecessor companies have been involved in many notable projects including:
* [[Gariep Dam]] completed in 1971<ref>{{cite web |url=http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&hendrik_verwoerd_dam |title=Vinci website: Hendrik Verwoerd Dam |publisher=Vinci.com |access-date=20 November 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120207105122/http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&hendrik_verwoerd_dam |archive-date=7 February 2012}}</ref>
* [[Gariep Dam]] completed in 1971<ref>{{cite web |url=http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&hendrik_verwoerd_dam |title=Vinci website: Hendrik Verwoerd Dam |publisher=Vinci.com |access-date=20 November 2011 |url-status=dead |archive-url=https://web.archive.org/web/20120207105122/http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&hendrik_verwoerd_dam |archive-date=7 February 2012}}</ref>
* [[Tour Montparnasse]] completed in 1972<ref>{{cite web |url=http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&montparnasse_tower |title=Vinci website: Tour Montparnasse |publisher=Vinci.com |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20120207105154/http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&montparnasse_tower |archive-date=7 February 2012 |url-status=dead}}</ref>
* [[Tour Montparnasse]] completed in 1972<ref>{{cite web |url=http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&montparnasse_tower |title=Vinci website: Tour Montparnasse |publisher=Vinci.com |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20120207105154/http://www.vinci.com/vinci.nsf/en/history-sites.htm?OpenAgent&montparnasse_tower |archive-date=7 February 2012 |url-status=dead}}</ref>
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* [[Rio–Antirrio bridge]] completed in 2004<ref>{{cite web|url=http://www.roadtraffic-technology.com/projects/rion-antirion/|title=Rio–Antirrio bridge|publisher=Road Traffic Technology|access-date=1 April 2012}}</ref>
* [[Rio–Antirrio bridge]] completed in 2004<ref>{{cite web|url=http://www.roadtraffic-technology.com/projects/rion-antirion/|title=Rio–Antirrio bridge|publisher=Road Traffic Technology|access-date=1 April 2012}}</ref>
* [[Whiston Hospital]] completed in 2013<ref>{{citation|url=http://www.sthk.nhs.uk/about/whiston-hospital|title=Whiston Hospital |publisher= St Helens and Knowsley Teaching Hospitals NHS Trust |access-date=3 May 2018}}</ref>
* [[Whiston Hospital]] completed in 2013<ref>{{citation|url=http://www.sthk.nhs.uk/about/whiston-hospital|title=Whiston Hospital |publisher= St Helens and Knowsley Teaching Hospitals NHS Trust |access-date=3 May 2018}}</ref>
* [[Atlantic Bridge, Panama]] due to complete in 2018<ref>{{cite news | title =Three Qualified To Bid on Third Bridge Over Panama Canal Project| publisher = Panama-Guide | date = 30 March 2012 | url = http://www.panama-guide.com/article.php/20120330122026296| access-date = 17 April 2012}}</ref>
* [[Atlantic Bridge, Panama]] completed in 2019<ref>{{cite news | title =Three Qualified To Bid on Third Bridge Over Panama Canal Project| publisher = Panama-Guide | date = 30 March 2012 | url = http://www.panama-guide.com/article.php/20120330122026296| access-date = 17 April 2012}}</ref>


==Criticism==
==Criticism==
Vinci is involved in construction of the first 43&nbsp;km of the [[Moscow-Saint Petersburg motorway]] through the valuable [[Khimki Forest]]. This construction has raised many protests in Russia, 75% of the local community – about 208,000 citizens of [[Khimki]] – oppose the project.<ref>{{cite web |url=http://www.levada.ru/press/2010091501.html |title=Проблема сохранения Химкинского леса |publisher=Levada.ru |date=15 September 2010 |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20120125202328/http://www.levada.ru/press/2010091501.html |archive-date=25 January 2012 |url-status=dead}}</ref> There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted.<ref name=csm1>[http://www.csmonitor.com/World/Making-a-difference/2012/0430/An-engineering-mom-leads-effort-to-save-an-old-growth-Russian-forest An engineering mom leads effort to save an old-growth Russian forest], By Fred Weir, Correspondent / 30 April 2012, [[Christian Science Monitor]]</ref><ref name=ioffe1>[http://articles.latimes.com/2010/aug/26/world/la-fg-russia-khimki-forest-20100827 Russia halts forest highway construction as opposition grows] 26 August 2010, By Julia Ioffe, Los Angeles Times</ref>
Vinci is involved in construction of the first 43&nbsp;km of the [[Moscow-Saint Petersburg motorway]] through the valuable [[Khimki Forest]]. This construction has raised many protests in Russia, 75% of the local community – about 208,000 citizens of [[Khimki]] – oppose the project.<ref>{{cite web |url=http://www.levada.ru/press/2010091501.html |title=Проблема сохранения Химкинского леса |publisher=Levada.ru |date=15 September 2010 |access-date=20 November 2011 |archive-url=https://web.archive.org/web/20120125202328/http://www.levada.ru/press/2010091501.html |archive-date=25 January 2012 |url-status=dead}}</ref> There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted.<ref name=csm1>[http://www.csmonitor.com/World/Making-a-difference/2012/0430/An-engineering-mom-leads-effort-to-save-an-old-growth-Russian-forest An engineering mom leads effort to save an old-growth Russian forest], By Fred Weir, Correspondent / 30 April 2012, [[Christian Science Monitor]]</ref><ref name=ioffe1>[http://articles.latimes.com/2010/aug/26/world/la-fg-russia-khimki-forest-20100827 Russia halts forest highway construction as opposition grows] 26 August 2010, By Julia Ioffe, Los Angeles Times</ref>


Vinci attracted protests in relation to its project to build an [[Aéroport du Grand Ouest|airport in Notre-Dame-des-Landes]] near [[Nantes]], expected to become the third largest airport in France and being built on a site of 2,000 hectares of woodland and marsh with an acknowledged social and ecological value. This project was financed through a public-private partnership with profits going to Vinci. In November 2012, protests took place to prevent the expulsion of villagers and farmers who were struggling to protect their environment who were receiving support at both a national and international level.<ref>{{cite web|url=https://corporatewatch.org/vinci-company-profile/ |title=Vinci, Company Profile – Corporate Watch |publisher=Corporatewatch.org |access-date=2018-05-16}}</ref>
Vinci attracted protests in relation to its project to build an [[Aéroport du Grand Ouest|airport in Notre-Dame-des-Landes]] near [[Nantes]], expected to become the third largest airport in France and being built on a site of 2,000 hectares of woodland and marsh with an acknowledged social and ecological value. This project was financed through a public-private partnership with profits going to Vinci. In November 2012, protests took place to prevent the expulsion of villagers and farmers who were struggling to protect their environment who were receiving support at both a national and international level.<ref>{{cite web|url=https://corporatewatch.org/vinci-company-profile/ |title=Vinci, Company Profile – Corporate Watch |date=13 June 2017 |publisher=Corporatewatch.org |access-date=2018-05-16}}</ref>


Vinci's Norwest Holst and Taylor Woodrow were revealed as subscribers to the UK's [[Consulting Association]], exposed in 2009 for operating an illegal construction industry [[blacklist (employment)|blacklist]]. Vinci was later one of eight businesses involved in the 2014 launch of the Construction Workers Compensation Scheme,<ref name=BBC-2014Jul4>{{cite news|title=Construction blacklist compensation scheme opens|url=https://www.bbc.co.uk/news/business-28155936|access-date=7 September 2015|work=[[BBC News]]|agency=BBC|date=4 July 2014}}</ref> condemned as a "PR stunt" by the GMB union, and described by the Scottish Affairs Committee as "an act of bad faith".<ref name=SAC2015>{{cite web|title=Scottish Affairs - Seventh Report Blacklisting in Employment: Final Report|url=https://publications.parliament.uk/pa/cm201415/cmselect/cmscotaf/272/27202.htm|website=www.parliament.uk|publisher=Scottish Affairs Committee|access-date=7 September 2015}}</ref>
Vinci's Norwest Holst and Taylor Woodrow were revealed as subscribers to the UK's [[Consulting Association]], exposed in 2009 for operating an illegal construction industry [[blacklist (employment)|blacklist]]. Vinci was later one of eight businesses involved in the 2014 launch of the Construction Workers Compensation Scheme,<ref name=BBC-2014Jul4>{{cite news|title=Construction blacklist compensation scheme opens|url=https://www.bbc.co.uk/news/business-28155936|access-date=7 September 2015|work=[[BBC News]]|agency=BBC|date=4 July 2014}}</ref> condemned as a "PR stunt" by the GMB union, and described by the Scottish Affairs Committee as "an act of bad faith".<ref name=SAC2015>{{cite web|title=Scottish Affairs - Seventh Report Blacklisting in Employment: Final Report|url=https://publications.parliament.uk/pa/cm201415/cmselect/cmscotaf/272/27202.htm|website=www.parliament.uk|publisher=Scottish Affairs Committee|access-date=7 September 2015}}</ref>

Latest revision as of 09:33, 8 April 2024

For other uses, see Vinci (disambiguation).

Vinci SA
Company typePublic (Société Anonyme)
Euronext Paris: DG
CAC 40 Component
ISINFR0000125486 Edit this on Wikidata
IndustryConstruction
Founded1899; 125 years ago (1899)
FoundersAlexandre Giros
Louis Loucheur
Headquarters1973 blvd de la Défense,
Nanterre
,
France
Area served
Worldwide
Key people
Xavier Huillard (Chairman and CEO)
ServicesInfrastructure and property construction, transport infrastructure concessions (motorways, tunnels, airports, bridges), energy infrastructure and services
RevenueIncrease €61.675 billion (2022)[1]
Increase €6.824 billion (2022)[1]
Increase €4.259 billion (2022)[1]
Total assetsIncrease €111.991 billion (2022)[1]
Total equityIncrease €29.409 billion (2022)[1]
Number of employees
275,000 (2023)[2]
DivisionsVinci Autoroutes (Autoroutes du Sud de la France, Cofiroute, Escota, Arcour), Vinci Concessions (airports, stadiums, highways), Vinci Energies, Cobra IS, Vinci Construction
Websitewww.vinci.com

Vinci (corporately styled VINCI) is a French concessions and construction company founded in 1899 as Société Générale d'Entreprises. Its head office is in Nanterre, in the western suburbs of Paris.[3] Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index.

History[edit]

The company was founded by Alexandre Giros and Louis Loucheur as Société Générale d’Entreprises S.A. (SGE) in 1899.[4] SGE was owned by Compagnie générale d'électricité (CGE), now Alcatel, from 1966 until 1981, when Saint-Gobain acquired a majority stake.[5]

Companies acquired by SGE include Sogea (a civil engineering firm founded in 1878), bought in 1986, Campenon Bernard (a civil engineering and development firm founded in 1920), bought in 1988, and Norwest Holst (a British civil engineering firm founded in 1969 by the merger of Holst & Co, established in 1918, and Norwest Construction, established in 1923),[6] bought in 1991.[4]

In 1988, SGE was acquired by Compagnie générale des eaux, now Vivendi.[7] In 2000, the company changed its name to Vinci.[4]

In 2001, Vinci acquired Groupe GTM, which was a combination of Dumez, founded in 1880, and GTM, founded in 1891.[4] In 2002, the UK business Norwest Holst was renamed Vinci plc.[6]

The company went on to acquire Autoroutes du Sud de la France (the Southern Freeways Company) in 2006,[8] and Bachy-Soletanche, the world's second-largest geotechnical specialist contractor (after Bauer) in February 2007.[9] It also bought the UK operations of Taylor Woodrow Construction in September 2008.[10]

Vinci acquired Cegelec,[11] as well as the European aggregates businesses of Tarmac, in 2010[12] and it bought Meteor Parking from the Go-Ahead Group in September 2010.[13] Then, in 2012, Vinci signed a deal to buy ANA Aeroportos de Portugal for €3,080 million.[14]

In December 2013, Vinci was awarded a contract worth €440 million to build an express-lane highway system in Atlanta, Georgia.[15] In 2014, Vinci sold 75% of the shares of Vinci Park to a consortium Ardian Infrastructure and Crédit Agricole Assurances. Vinci Park then became Indigo. In June 2016 Vinci sold the remaining 25.4% ex-Vinci Park shares to the consortium Ardian Infrastructure and Crédit Agricole Assurances.[16]

Vinci and Orix won a 45-year contract in 2015 to operate Itami Airport and Kansai International Airport in Osaka Prefecture, Japan, at a price of around $18 billion.[17]

In March 2017, the company invested in Brazil to operate the international airport at Salvador, Bahia for 30 years.[18] In October 2017, Australian construction contractor Seymour Whyte was purchased.[19] In November 2017, the company invested in Sweden to acquire Eitech and Infratek, specialists in electrical works and engineering.[20]

In May 2019, Vinci acquired a 50.01% stake in Gatwick Airport.[21][22]

On 7 April 2021, Vinci won the concession to operate for 30 years the following airports in Brazil: Manaus-Brig. Eduardo Gomes International Airport, Tabatinga International Airport, Tefé Airport, Rio Branco International Airport, Cruzeiro do Sul International Airport, Porto Velho-Gov. Jorge Teixeira de Oliveira International Airport, and Boa Vista International Airport.[23]

On 31 December 2021, VINCI completed the acquisition of ACS's energy business, Cobra IS.[24]

Ownership[edit]

The breakdown of shareholders at 31 December 2019 is as follows:[25]

Financial data[edit]

Financial Data in euro billions
Year 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
Sales 33,571 36,956 38,634 40,338 38,703 38,518 38,073 40,248 43,519 48,053 43,234 49,396 61,675
EBIT 3,434 3,660 3,651 3,767 4,243 3,715 4,118 4,607 4,997 5,734 2,459 4,723 6,824
Net result 1,776 1,904 1,917 1,962 2,486 2,046 2,505 2,747 2,983 3,260 1,015 2,597 4,259
Net debt 13,060 17,164 16,210 17,552 17,134 15,001 13,938 14,001 15,554 21,654 17,989 19,266 18,536
Staff 179,527 183,320 192,701 190,704 185,293 185,452 183,487 194,428 211,233 222,397 217,731 219,299 271,648

Source: VINCI[26]

Competitors[edit]

Main competitors for VINCI
VINCI Autoroutes
  • Abertis
  • Atlantia
  • Eiffage
  • Brisa

Vinci Airports

  • AENA
  • ADP
  • Fraport
  • MAHB
 VINCI Energies

in France:

outside France:

  • Siemens
  • Spie
  • Bilfinger
  • ThyssenKrupp Industrial Solutions
  • Minimax
  • Burkhalter
  • Alpiq
 EUROVIA

in France:

  • Colas
  • Eiffage Infrastructures
  • LafargeHolcim
  • Heidelberg Cement Group
  • Cemex

outside France:

  • Royal BAM Group
  • Strabag
  • Amey
  • Kier
  • Balfour Beatty
  • Tarmac
  • Conway
  • Aggregate Industries
  • Hanson
  • Skanska
  • Metrostav
  • Cormac
 VINCI Construction

in France:

  • Bouygues Construction,
  • Eiffage Construction
  • Fayat
  • NGE
  • Spie Batignolles
  • Demathieu Bard
  • Léon Grosse

outside France:

  • Royal BAM Group
  • Balfour Beatty
  • Kier
  • Laing O’Rourke
  • Interserve
  • Strabag
  • Skanska
  • Porr
  • Budimex
  • Metrostav
  • Trevi
  • Bauer
  • Keller

Source: VINCI Annual report 2016

Turnover analysis[edit]

As of 2013, the turnover was split as follows:[27]

  • design and construction of works (35.5%): primarily in the building, civil engineering and hydraulics
  • design, execution, and maintenance of energy and telecom infrastructures (26.5%; Vinci Energies);
  • construction, renovation and upkeep of transport infrastructures (19.7%; Eurovia): roads, highways, and rail roads. The group is also active in urban design and granulate production (No. 1 in France);
  • sub-contracted infrastructure management (16.3%; Vinci Concessions): primarily managing roads and highways (mainly through Autoroutes du Sud de la France and Cofiroute), airport activities;
  • other (2%)

Net sales break down geographically as follows: France (58.9%), Europe (25.4%), North America (3.9%), Africa (3.5%) and other (8.3%).

In 2020, Vinci UK turnover was £858.5m, with pre-tax profit of £16.2m.[28]

Notable projects[edit]

Vinci and its predecessor companies have been involved in many notable projects including:

Criticism[edit]

Vinci is involved in construction of the first 43 km of the Moscow-Saint Petersburg motorway through the valuable Khimki Forest. This construction has raised many protests in Russia, 75% of the local community – about 208,000 citizens of Khimki – oppose the project.[40] There have also been numerous human rights abuses surrounding the project, with journalists and activists arrested and assaulted.[41][42]

Vinci attracted protests in relation to its project to build an airport in Notre-Dame-des-Landes near Nantes, expected to become the third largest airport in France and being built on a site of 2,000 hectares of woodland and marsh with an acknowledged social and ecological value. This project was financed through a public-private partnership with profits going to Vinci. In November 2012, protests took place to prevent the expulsion of villagers and farmers who were struggling to protect their environment who were receiving support at both a national and international level.[43]

Vinci's Norwest Holst and Taylor Woodrow were revealed as subscribers to the UK's Consulting Association, exposed in 2009 for operating an illegal construction industry blacklist. Vinci was later one of eight businesses involved in the 2014 launch of the Construction Workers Compensation Scheme,[44] condemned as a "PR stunt" by the GMB union, and described by the Scottish Affairs Committee as "an act of bad faith".[45]

References[edit]

  1. ^ a b c d e "2022 Annual financial statements" (PDF). Vinci. Retrieved 22 January 2024.
  2. ^ "Tomorrow belongs to the field, Masterclass with Xavier Huillard, Chairman and Chief Executive Officer of VINCI at the Exceptional symposium of the Express for its 70th anniversary". Express. Retrieved 23 October 2023.
  3. ^ "Contact Archived 27 March 2010 at the Wayback Machine." (Map Archived 26 July 2011 at the Wayback Machine) Vinci. Retrieved 7 July 2010.
  4. ^ a b c d "Vinci website: company history". Vinci.com. Archived from the original on 29 November 2011. Retrieved 20 November 2011.
  5. ^ "Vinci's Serge Michel dies". KHL. 20 March 2019. Retrieved 15 June 2020.
  6. ^ a b "About us: Heritage". Vinci Construction. Retrieved 20 January 2021.
  7. ^ "Vinci website: SGE history". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
  8. ^ "Autoroutes du Sud de La France history". Asf.fr. 16 January 2008. Archived from the original on 5 October 2011. Retrieved 20 November 2011.
  9. ^ "Contract Journal". Contract Journal. 19 May 2011. Archived from the original on 11 May 2008. Retrieved 20 November 2011.
  10. ^ "Vinci buys Taylor Woodrow". New Civil Engineer. 10 September 2008. Retrieved 1 April 2012.
  11. ^ "Vinci to acquire Cegelec from Qatar fund". The Wall Street Journal. 1 September 2009. Retrieved 22 November 2017.
  12. ^ Vinci buys Tarmac's European businesses for £250m The Construction Index
  13. ^ Vinci Park doubles UK operation with Meteor acquisition Shopping Centre
  14. ^ "Vinci sees off rivals to buy ANA". FT. 27 December 2012. Retrieved 22 November 2017.
  15. ^ Leila Abboud (18 December 2013). "Vinci wins U.S. highway project worth 440 million euro". Reuters.
  16. ^ "Vinci achève son désengagement de l'ex-Vinci Park" [Vinci disposes of the former Vinci Park]. Capital. 13 June 2016.
  17. ^ Fujita, Junko (22 May 2015). "Orix only confirmed bidder for Kansai airport rights after more drop out". Reuters. Retrieved 14 September 2015.
  18. ^ "VINCI Airports wins the concession for Salvador's airport in Brazil". VINCI.
  19. ^ Court approves Scheme of Arrangement Seymour White 3 October 2017
  20. ^ "Vinci Acquires Sweden-Based Eitech for Undisclosed Amount". Fox Business. 8 November 2017. Retrieved 6 December 2017.
  21. ^ Hecker, Jürgen. "London's Gatwick airport sold to French Vinci conglomerate". The Jakarta Post. London. Agence France-Presse. Retrieved 27 December 2018.
  22. ^ Calder, Simon (14 May 2019). "Gatwick Airport: Rapid Expansion to Continue as French Firm Vinci Takes Over". The Independent. London.
  23. ^ "Governo federal arrecada R$ 3,3 bilhões com leilão de 22 aeroportos". Agência Brasil (in Portuguese). 7 April 2021. Retrieved 7 April 2021.
  24. ^ "VINCI acquires energy business of ACS for $5.5bn". Power Technology. 3 January 2022. Retrieved 7 July 2022.
  25. ^ "Becoming a shareholder - Shareholders - Shareholders [VINCI]". Vinci.com. 5 February 2020. Retrieved 16 May 2018.
  26. ^ "Core businesses". VINCI.
  27. ^ "Euronext". Euronext. Retrieved 13 April 2013.
  28. ^ "Vinci sees single-digit decline in the UK". The Construction Index. 20 May 2021. Retrieved 17 June 2021.
  29. ^ "Vinci website: Hendrik Verwoerd Dam". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
  30. ^ "Vinci website: Tour Montparnasse". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
  31. ^ "Vinci website: Centre Georges Pompidou". Vinci.com. Archived from the original on 7 February 2012. Retrieved 20 November 2011.
  32. ^ "Vinci website: Basilica of Our Lady of Peace of Yamoussoukro". Vinci.com. 25 March 1988. Archived from the original on 1 October 2011. Retrieved 20 November 2011.
  33. ^ "Vinci website: Louvre". Vinci.com. Archived from the original on 1 October 2011. Retrieved 20 November 2011.
  34. ^ "Channel Tunnel on Structurae database" (in German). En.structurae.de. Retrieved 20 November 2011.
  35. ^ "Pont de Normandie on Structurae database" (in German). En.structurae.de. Retrieved 20 November 2011.
  36. ^ "Vinci website: Stade de France". Vinci.com. Archived from the original on 1 October 2011. Retrieved 20 November 2011.
  37. ^ "Rio–Antirrio bridge". Road Traffic Technology. Retrieved 1 April 2012.
  38. ^ Whiston Hospital, St Helens and Knowsley Teaching Hospitals NHS Trust, retrieved 3 May 2018
  39. ^ "Three Qualified To Bid on Third Bridge Over Panama Canal Project". Panama-Guide. 30 March 2012. Retrieved 17 April 2012.
  40. ^ "Проблема сохранения Химкинского леса". Levada.ru. 15 September 2010. Archived from the original on 25 January 2012. Retrieved 20 November 2011.
  41. ^ An engineering mom leads effort to save an old-growth Russian forest, By Fred Weir, Correspondent / 30 April 2012, Christian Science Monitor
  42. ^ Russia halts forest highway construction as opposition grows 26 August 2010, By Julia Ioffe, Los Angeles Times
  43. ^ "Vinci, Company Profile – Corporate Watch". Corporatewatch.org. 13 June 2017. Retrieved 16 May 2018.
  44. ^ "Construction blacklist compensation scheme opens". BBC News. BBC. 4 July 2014. Retrieved 7 September 2015.
  45. ^ "Scottish Affairs - Seventh Report Blacklisting in Employment: Final Report". www.parliament.uk. Scottish Affairs Committee. Retrieved 7 September 2015.

External links[edit]

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