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| Vinci acquired 50.37% of ASF’s capital Vinci announced the acquisition of the French government’s (41.5%) and Autoroutes de France’s (8.8%) stakes in ASF at a price of €51 per share. Vinci’s equity stake in ASF is now 73.48%. ASF’s Board of Directors, meeting on March 9, unanimously decided to recommend that shareholders should tender their shares in response to this guaranteed offer. Following the change of control, ASF’s Board of Directors is now made up of 11 board members of whom two are from outside VINCI. Bernard Val and Jacques Tavernier have been confirmed in their respective jobs of Chairman and CEO of ASF. Jacques Tavernier will be appointed Chairman and CEO of ASF following ASF’s Annual General Meeting in May. write your comments about the article :: © 2006 Construction News :: home page |