Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

VINCI Energies Buys Alpiq's Unit - Quick Facts

4/27/2012 2:45 AM ET

VINCI Energies (VCISY.PK) has entered into a deal to acquire Swiss company Alpiq's division, Energieversorgungstechnik or EVT, that groups together its energy and telecommunications infrastructure engineering and installation activities in Germany and Central Europe. VINCI Energies, through this acquisition, strengthens its operations in its second largest market Germany.

Germany-based EVT, with 3,000 employees, has been operating in Central Europe for nearly 15 years through local subsidiaries. EVT generated revenue of 512 million euros and EBITDA of 37 million euros in 2011.

The EVT acquisition is based on an equity value of 195 million euros and estimated liabilities of 45 million euros. The transaction has been submitted for approval by the relevant competition authorities and may be finalised during the 2012 third quarter.

Click here to receive FREE breaking news email alerts for Vinci SA and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
After moving mostly higher in early trading on Wednesday, stocks have continued to perform well over the course of the session. While buying interest has waned since then open, the markets have maintained a positive bias on the day. Stocks have moved mostly higher in early trading on Wednesday, adding to the gains posted in the two previous sessions. The major averages have all moved to the upside, although buying interest has waned since the open. Industrial production in the U.S. rose by more than expected in the month of March, the Federal Reserve revealed in a report on Wednesday, with the report also showing a notable upward revision to the pace of production growth in the previous month. The report said industrial production increased by 0.7 percent in March after surging up by an upwardly revised 1.2 percent in February.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.