VINCI Buys Back 478,282 Shares at €117.36, Secures €630M-Revenue Acquisition
VINCI repurchased 478,282 treasury shares at a weighted average price of €117.36 between January 12 and 16 under its April 2025 buyback authorization. The company also agreed to acquire New Zealand’s Fletcher Construction, which generates about €630 million annual revenue and employs 2,300 workers, pending 2026 regulatory approvals.
1. VINCI Acquires Fletcher Construction to Expand in New Zealand
VINCI Construction has signed a binding agreement to acquire Fletcher Construction, a subsidiary of Fletcher Building Group, pending regulatory approval and expected to close in 2026. With annual revenue of approximately €630 million and a workforce of 2,300 employees, Fletcher Construction specializes in hydraulic, maritime, port, airport, railway and road works, as well as renewable energy projects. This transaction will add to VINCI’s existing Irish operations through HEB Construction and bolster its position in New Zealand’s fast-growing infrastructure market, where VINCI had already generated over €900 million in revenue in 2024.
2. Contract Award for Romainville-Bobigny Waste Treatment Plant Renovation
VINCI has been awarded a major renovation contract for the Romainville-Bobigny waste treatment facility near Paris. The scope includes modernization of processing lines, upgrade of emissions controls and installation of advanced sorting equipment. The project is structured as a five-year design-build-operate concession, with commissioning scheduled for late 2028. This win underscores VINCI’s leadership in environmental infrastructure and is expected to generate approximately €250 million in revenue over the concession period while contributing to local municipality carbon-reduction targets.
3. River Freight Port Built to Lower Carbon Footprint
In parallel with the renovation contract, VINCI is constructing a dedicated river freight port on the Seine adjacent to the Romainville-Bobigny site. The facility will accommodate barges up to 2,000 tonnes and is designed to shift 150,000 truck trips per year onto waterborne transport. Scheduled for completion in mid-2027, the port is projected to reduce annual CO2 emissions by 12,000 tonnes and align with VINCI’s broader commitment to sustainable logistics solutions.
4. Treasury Share Buyback Accelerates Under April 2025 Authorization
Between January 12 and January 16, 2026, VINCI repurchased 478,282 of its own shares under the share buyback program authorized by the April 17, 2025 General Meeting. Transactions were executed across Euronext Paris, Cegid Europe, Aquis and Turquoise markets. This aggressive buyback pace reflects management’s confidence in long-term value creation and is aimed at supporting the share price, optimizing the capital structure and meeting employee share-ownership plan commitments.