Vinci takes over Chilean business
Vinci subsidiary Eurovia has increased its holding in a Chilean roadworks company from 50% to 100%.
Bitumix CVV was previously jointly controlled with the Chilean Claro Vicuna Valenzuela Group. The company specialises in roadworks in the central Biobio and Araucanía regions. It generated revenue of €16m (£13.7m) in 2015 and produced about 200,000t of asphalt mix.
It is now completely controlled by Eurovia subsidiary Bitumix SA, which specialises in transport infrastructure construction and urban development. The acquisition of 100% of Bitumix CVV rounds out its coverage of Chile south of Santiago.
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This article was published on 7 Jul 2016 (last updated on 7 Jul 2016).