- VINCI Highways to acquire 51% of HKR Roadways Limited in India.
Mon Sep 09 05:36:42 -0000 2024 UTC–VINCI Highways entered into an agreement to acquire a 51% stake in HKR Roadways Limited, the concessionaire for the SH1 motorway in Telangana, India.
Expected to close 2024
The transaction, which includes a €40 million equity investment by VINCI Highways, is expected to close by the end of 2024, pending regulatory approvals.
Crucial Connection
The SH1 motorway, commissioned in 2014, is a crucial 206 km connection between Hyderabad, Telangana’s capital, and the state’s northeast. With a population of 11 million, Hyderabad’s connectivity to the broader region is pivotal for the state’s infrastructure.
Global Infrastructure Partners
The acquisition, made in partnership with Global Infrastructure Partners’ (GIP) Emerging Markets Fund, positions VINCI Highways as the majority stakeholder with 51%, while GIP holds the remaining 49%. This collaboration extends the strategic alliance initiated when VINCI Airports acquired majority stakes in London Gatwick in 2019 and Edinburgh Airport in 2024.
Expansion in India
VINCI Highways’ expansion in India complements its existing operations through ViaPlus, a subsidiary specializing in electronic toll systems and employing nearly 400 people in Hyderabad. This move underscores VINCI’s long-term commitment to enhancing transportation infrastructure in emerging markets.
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