VINCI to buy Fletcher Construction for €630 M, repurchases 478 k shares at €117.36

VCISYVCISY

VINCI acquired Fletcher Construction, adding €630 million in annual revenue and 2,300 employees to its New Zealand infrastructure operations. Separately, the company repurchased 478,282 treasury shares between January 12–16 at an average price of €117.36 per share under its April 2025 authorization.

1. Significant Share Buyback Activity

During the week of January 12–16, 2026, VCISY executed its largest share repurchase under the authorization granted on April 17, 2025. The company acquired a total of 478,282 treasury shares across Euronext Paris, Caisse d’Epargne, Aquis and Turquoise markets. Daily volumes peaked at 90,202 shares on January 15, with a weighted average purchase price of €115.79 on that day. By the end of the period the aggregate weighted average price for the entire tranche stood at €117.36. This accelerated repurchase underscores management’s confidence in the company’s valuation and its commitment to returning capital to shareholders.

2. Acquisition of Fletcher Construction Strengthens Global Footprint

VCISY has agreed to acquire Fletcher Construction, a leading New Zealand infrastructure specialist generating approximately €630 million in annual revenue and employing 2,300 staff. Subject to regulatory approval, the acquisition is expected to close in mid-2026. Fletcher’s expertise in hydraulic, maritime, port, airport, rail and road works, together with its growing renewables pipeline, will complement VCISY’s existing operations and position the group as a top-tier player in New Zealand’s dynamic infrastructure market alongside HEB Construction. VCISY reported over €900 million of local revenue in 2024, and the deal is forecast to accelerate regional growth by 15–20% over the next two years.

3. Awarded Paris Waste-Treatment Plant Renovation Contract

VCISY secured a turnkey contract to renovate the Romainville-Bobigny waste-treatment facility near Paris. The scope includes modernization of processing lines, installation of advanced emissions controls and the construction of a river freight port for inbound waste transport. The project carries a contract value of approximately €220 million and is scheduled for completion in late 2028. By shifting to barge deliveries, VCISY projects a 30% reduction in heavy-truck traffic and a 25% cut in CO2 emissions for the plant, aligning with the group’s sustainability targets and enhancing its concessions business pipeline.

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