Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

VINCI Energies Buys Alpiq's Unit - Quick Facts

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
Proctor and Gamble (PG) has sold two of its soap brands to European consumer products giant Unilever (UN). Cincinnati-based P&G says the sale includes the global Camay brand, the Zest brand outside of North America and its Talisman manufacturing plant in Mexico. The plant employs approximately... Dish Network is no longer carrying Fox News in yet another dispute for the television provider. Fox News, which changed the face of cable news with its ardent advocacy of conservative issues, went dark Sunday, replaced on Dish by The Blaze, Glen Beck's new right-leaning channel. Fox Business channel... Swiss drug maker Roche Holding said a late-stage trial of its breast cancer drug Kadcyla did not provide superior results compared with an existing therapy.
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.