Vinci Highways has finalised the acquisition of its first highway concession in Brazil.
The firm has now acquired 55% of Entrevias, which holds the concessions for two toll highway sections in São Paulo State until 2047.
The Vinci Concessions subsidiary bought the 55% stake in Entrevias from Patria, a Brazilian fund.
These two highway sections span a total of 570km across São Paulo state, linking it to Minas Geiras State to the north and Paraná State to the south.
Together, the three states account for over 40% of Brazil's GDP.
In Q1 2023, Entrevias' network recorded 8.3 million transactions, 10% more than in Q1 2022 and 8% more than in Q1 2019.
The works to increase capacity on the southern section, which involve widening 210km from one-lane dual carriageway to two-lane dual carriageway, are expected to be completed by the end of 2025 and support traffic growth.
Vinci Concessions plans to grow its operation in Latin America's largest economy.