VINCI raises its stake in LISEA, solidifying its position as the largest shareholder in the company that holds the concession for the South Europe Atlantic high-speed rail line
- VINCI completes acquisition of 8.645% of LISEA’s share capital.
- VINCI Concessions becomes LISEA’s largest shareholder with a 42.045% stake.
- This high-quality infrastructure asset enables low-carbon mobility, delivers outstanding operational performance and is looking at positive trends in traffic as rail services open up to competition.
VINCI Concessions has acquired 8.645% of LISEA’s share capital from Ardian and Caisse des Dépôts et Consignations, thereby solidifying its position as the largest shareholder in LISEA, the company that holds the concession for the South Europe Atlantic high-speed rail line (SEA HSL) between Tours and Bordeaux, after completing the financing arrangements today.
VINCI Concessions’ move to increase its stake in LISEA is a clear sign of its commitment to developing low-carbon mobility in mainland France through successful cooperation between the public and private sectors.
The SEA HSL, built by a consortium led by VINCI Construction, has shortened travel times between Paris and Bordeaux from three to two hours, and has enhanced the economic appeal of the areas it serves.
More than 120 million passengers have taken the line since it opened in July 2017. Its flawless safety and reliability record is attributable to LISEA as well as MESEA, the line’s maintenance company (in which VINCI Concessions holds a 70% stake). MESEA supervises the facilities and handles the maintenance of corrective, preventive and predictive equipment to the highest standards in the sector.
LISEA’s financial and business growth prospects are promising: SNCF Voyageurs (which manages passenger rail services in France) has announced plans to increase services to the south-west of the country in response to rising demand. As the market is opening up to competition, LISEA will start building its train maintenance and storage depot in Marcheprime (near Bordeaux) in 2025, to service and stable trains belonging to Proxima and other new rail operators starting 2028.
VINCI Concessions is an international player in transport infrastructure. We leverage our integrated model to design, finance, build, operate and maintain more than 100 airports, motorways and rail projects in 24 countries, through our subsidiaries VINCI Airports, VINCI Highways and VINCI Railways. We are committed to shared growth with regions, and are actively making mobility ever more sustainable, efficient and innovative.
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