Press release of June 19th 2006

19 June 2006 - Events

VINCI's Board of Directors met on 19 June, 2006 under the chairmanship of Yves-Thibault de Silguy.

The Board took official note of VEOLIA's decision to abandon its idea of an alliance with VINCI, observing that such an alliance had no strategic interest and hence would not create value for shareholders.

The Board of Directors unanimously confirmed its confidence in the Chairman and General Management, in particular for the way in which they have dealt with recent events in the interests of VINCI, its employees and its shareholders.

Furthermore, the Board asked General Management to continue to reflect on ways of ensuring greater appreciation by the financial markets of VINCI's value in view of its new profile resulting from the integration of ASF.

It reaffirmed its attachment to continued pursuit of a development strategy based on an integrated concession-operator/construction model in an infrastructure market with high growth potential, notably in Europe in the framework of public-private partnerships (PPP).

 

About VINCI
VINCI is a global player in concessions, energy and construction, employing 280,000 people in more than 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, we are committed to operating in an environmentally, socially responsible and ethical manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. Based on that approach, VINCI’s ambition is to create long-term value for its customers, shareholders, employees, partners and society in general.