Brussels Gives ‘Green Light’ to Control by Vinci

The European Commission approved under the EU Merger Regulation the acquisition of joint control of Lusoponte by Lineas of the MotaEngil group both based in Portugal and by Vinci based in France indicates the institution in a statement released today.

The new shareholder structure of Lusoponte now approved by Brussels comes after the departure of the Italian group Atlantia formerly Autostrade

Lusoponte is the concessionaire of the two bridges over the Tagus River in Lisbon Vasco da Gama and 25 de Abril whose contract expires in March 2030.

For its part Lineas of the MotaEngil group manages holdings in companies that operate exclusively in the public and private sector of road concessions as well as in companies that participate in public and private contracts for road rail and airport concessions being active in Portugal Spain and Brazil

Vinci on the other hand operates mainly in motorway concessions and belongs to the group of the same name that operates mainly in France in the fields of concessions and infrastructure public works and civil engineering electrical climatic and mechanical engineering and road works

The Commission concluded that the proposed transaction would not raise competition concerns given its limited impact on the structure of the market The transaction was examined under the simplified merger control procedure adds the community executive.

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