Cobra IS acquired by Vinci

VINCI has entered into an agreement to acquire the energy business of Spanish group ACS, consolidated under Cobra IS, as part of a strategic move to bolster its position in the energy and infrastructure sectors. The transaction encompasses virtually all of ACS Industrial Services' energy contracting activities, as well as a portfolio of concession projects in development or under construction, and a platform for developing renewable energy projects. The scope of the acquisition includes electrical network and energy infrastructure projects primarily located in Southern Europe and Latin America. This acquisition enables VINCI to expand its exposure to energy-related activities by combining engineering and construction capabilities with expertise in renewable project development. The deal is part of a broader strategy to increase the group's participation in energy infrastructure and energy transition projects. It also strengthens VINCI's presence in several geographic regions, particularly the Iberian Peninsula and Latin America, while integrating complementary activities into the group's existing energy and infrastructure businesses. The transaction was advised by Lazard (Financial), Athena Capital Partners (Financial), Darrois Villey Maillot Brochier Avocats (Legal), Weil Gotshal & Manges (Legal), and Cuatrecasas (Legal).