VINCI has signed a €364.6m deal with Aeroports de Paris (ADP) to acquire an additional 4.7% stake in the French airport operator, bringing its overall stake to 8% upon the completion of the transaction.
As per the agreement, VINCI will be offered a seat on the ADP board prior to ADP's general meeting of its shareholders to be held during late 2013.
The agreement also facilitate sharing of expertise between both the companies, mainly in the field of international development.
During early 2013, French Finance Minister Pierre Moscovici revealed plans to sell up to about 10 million shares in ADP, estimated to be worth €700m.
ADP owns two airports in Paris including Charles de Gaulle Airport and Orly International Airport, while also holding a 38% stake in Turkish operator TAV Havalimanlari Holding (TAVHL).
Currently operating Cambodia's three international gateways and ten regional airports in France, VINCI Airports acquired a 95% stake in Portuguese state-owned airport operator ANA for €3.08bn in February 2013.
The ANA acquisition follows the Portuguese Government's selection of VINCI in December 2012 under a privatisation tender, in which VINCI beat out three consortia led by Germany's Fraport, Switzerland's Flughafen Zurich and Argentina's Corporacion America.
VINCI already owns infrastructure concessions in Portugal and also has operations in engineering and electrical works in the country.
Image: ADP's Charles de Gaulle (CDG) Airport in Paris.