VINCI: Closing of the Operation Whereby CFE Acquires Exclusive Control of DEME and Ackermans & van Haaren Become CFE's Majority Shareholder

Regulatory News:

Vinci (Paris:DG) today announces closing of the operation where Compagnie d’Entreprises CFE SA (CFE) acquires exclusive control of DEME NV (DEME), one of the world's leading dredging and maritime works firms.

In September 2013, VINCI entered into an agreement with Ackermans & van Haaren NV (AvH) involving the injection by AvH of its 50% stake in DEME into CFE, then a 46.84% subsidiary of VINCI, in exchange for new CFE shares acquired at the price of €45/share. The agreement also provided for VINCI to sell half its stake in CFE to AvH, on the basis of the same price per share.

On closing of this operation, CFE becomes DEME's sole shareholder and AvH majority shareholder in CFE, with a 60.39% stake. VINCI retains a 12.1% stake in the capital of CFE, which is listed on NYSE Euronext Brussels.