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Eiffage announces the signature of a disposal agreement with Meridiam regarding its 36% stake in Norscut

06.04.2016

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Eiffage has signed with Meridiam Infrastructure a disposal agreement regarding its 36% interest (shares and shareholders’ loans) in Norscut, the concession company of the A24 motorway in Portugal. The closing of this transaction is subject to usual legal, regulatory and financial approvals.

This agreement is in line with Eiffage strategy of active management of its PPP portfolio. The execution of this strategy has lead Eiffage to realise more than 1 billion euros of disposal since 2011 as detailed in the table below:

 

Name of the company

Disposal date

Optimep 4 (4 prisons)

Decembre 2011

ADTIM (high bandwidth network)

Decembre 2012

Hanvol, H’ennez (hospitals) and Centor 36 (police barracks)

Decembre 2013

Héveil (hospital)

1st semester 2014

Eiffage Connectic 78 and Yvelines Connectic

During 2015

Eifficentre (energy efficiency)

July 2015

Norscut (A24 in Portugal)

1st semester 2016

 

 

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Norscut A24 motorway in Portugal. © D.R.