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| Vinci's subsidiary reinforces road materials production capacity  Eurovia, a Vinci Group subsidiary, has been selected to become the strategic partner of the Carrières Unies de Porphyre (CUP) quarries in Belgium. Eurovia acquired 15,125 shares representing 52% of the Carrières Unies de Porphyre share capital at a price of €2,340 per share, amounting to a total investment of €35.4 million. Eurovia will shortly be launching a tender offer for the remaining Carrières Unies de Porphyre shares that it does not yet hold directly or indirectly. A complete set of the documents will be deposited with the Banking, Finance and Insurance Commission.The business activity of the Carrières Unies de Porphyre company comprises the extraction, processing and marketing of porphyry, a rock used in road construction and as railway ballast. The CUP company operates two quarries in Bierghes-Rebecq and in Lessines and has a workforce of 140 employees. Its annual output, most of which is sold on the Benelux and French markets, is 1.9 million tonnes and it has reserves estimated at 140 million tonnes. With this acquisition and following the recent acquisition of Sutter in Germany (1.5 million tonnes annually) and Jakubcovice in the Czech Republic (1.6 million tonnes annually), Eurovia, a leader in road aggregate production in France, increases its materials production to approximately 54 million tonnes per year and its materials reserves to 1.8 billion tonnes, i.e. more than 30 years of production. write your comments about the article :: © 2006 Construction News :: home page |