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VINCI Creates Moroccan Facilities Management Leader Together with Caisse de Dépôt et de Gestion du Maroc - Through its subsidiaries CEGELEC Morocco and VINCI Facilities, VINCI has formed a partnership with Caisse de Dépôt et de Gestion du Maroc with a view to acquiring a 50% stake in Exprom
VINCI Creates Moroccan Facilities Management Leader Together with Caisse de Dépôt et de Gestion du Maroc

 

PRZOOM - /newswire/ - Paris, France, 2011/10/07 - Through its subsidiaries CEGELEC Morocco and VINCI Facilities, VINCI has formed a partnership with Caisse de Dépôt et de Gestion du Maroc with a view to acquiring a 50% stake in Exprom. CAC 40; Euronext 100

   
 
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Through its subsidiaries CEGELEC Morocco and VINCI Facilities, VINCI has formed a partnership with Caisse de Dépôt et de Gestion du Maroc with a view to acquiring a 50% stake in Exprom, a subsidiary of CDG Développement that specializes in Facilities Management.

The acquisition of this stake will be accompanied by the sale by CEGELEC Morocco to Exprom of its multi-technical maintenance activity.

This merger, which will be submitted for approval by the competent authorities, will create Morocco’s leading Facilities Management company in a steady growth, high-potential market.

Facilities Management
Facilities Management is the outsourcing of services required for buildings (maintenance, regulation compliance, energy efficiency, associated building work, etc.) and their occupants (reception, security, cleaning, reprography, space planning, etc.) to a specialized provider capable of carrying out all or part of the services in a complete and consistent fashion.

About VINCI
VINCI (vinci.com) is the world leader in concessions and construction, employing close to 180,000 people in some 100 countries.
It designs, builds, finances and manages facilities that improve everyday life: transport systems, public and private buildings, urban developments, and water, energy and communication networks.

VINCI Facilities is part of VINCI’s Energy business line and provides comprehensive or partial building and occupant services: global facility management, multi-technical maintenance, security and reception, multi-services, document management and working space planning. VINCI Facilities is active in some 20 countries.

Cegelec Maroc, a subsidiary of VINCI’s Energy business line, is the leader in electrical engineering. Over the years, it has diversified into several markets and serves the industry, infrastructure, services and telecommunications sectors. Cegelec Maroc is 63rd on the list of Morocco’s 500 largest companies.

About Exprom
Exprom (exprom.ma) is a subsidiary of CDG Développement created in 1995. Its core business is Facilities Management, where it has developed over 12 years’ experience with more than 100 clients throughout Morocco.

About CDG Développement
Holding company CDG Développement (cdgdev.ma) is a wholly-owned subsidiary of Caisse de Dépôt et de Gestion, created in 2004 to implement CDG Group’s strategy for its regional planning and development activities.

CDG Développement’s vocation is that of a long term operator and investor which reconciles financial performance and community interest. CDG Développement is present throughout Morocco and provides innovative development tools and efficient products and services that generate progress for the community in all its areas of intervention.

Through the professional expertise of its different subsidiaries, which operate in key development sectors, the holding company helps dynamise and boost Morocco’s national economy.

 
 
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VINCI Creates Moroccan Facilities Management Leader Together with Caisse de Dépôt et de Gestion du Maroc

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VINCI | Exprom
Contact: Maxence Naouri - VINCI.com 
+33(0)1 47 16 31 82 maxence.naouri[.]vinci.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any VINCI securities in any jurisdiction including any other companies listed or named in this release.

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