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Sun April 18 2021

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Vinci buys out Mexican foundations partner

25 Nov 15 Vinci subsidiary Soletanche Freyssinet has continued its expansion in Latin America by increasing its stake in Grupo Rodio Kronsa to 100%.

The company was previously jointly controlled with Mexican partner ICA. Rodio Kronsa now holds all of Soletanche Freyssinet’s foundations work – which is carried out by Soletanche Bachy - in Central America, the Iberian Peninsula and Morocco.

Rodio Kronsa will generate revenue of nearly €100m (£68m) in 2015, of which more than 60% is in Latin America.

The latest move is in line with Soletanche Freyssinet’s drive to step up its international expansion and continue to increase the share of its revenue generated outside Europe.

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