Vinci Widens Spain Energy Presence With Grupo Solar Deal
October 03 2019 - 03:11AM
Dow Jones News
By Carlo Martuscelli
Vinci S.A. (DG.FR) said Thursday that its energy division
acquired two of Grupo Solar Lighting's subsidiary businesses for an
unspecified amount, as it looks to bolster its presence in Spain's
energy generation and distribution market.
Vinci Energies said it bought SISTEM Melesur Energia and SISTEM
Infraestructuras y Operaciones EPC, which provide engineering,
installation and maintenance services for transformer stations and
power lines.
Following the deal, Vinci Energies expects to generate annual
revenue in Spain of almost 430 million euros ($470.4 million).
Write to Carlo Martuscelli at carlo.martuscelli@dowjones.com
(END) Dow Jones Newswires
October 03, 2019 02:56 ET (06:56 GMT)
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