ENXTPA:DGConstruction
Vinci (ENXTPA:DG) Is Down 6.1% After French Tax Fears Trigger Analyst Downgrades And New Contract Win
Recently, Syctom awarded a consortium including VINCI Construction subsidiary Chantiers Modernes Construction and Suez a €237,000,000 contract to renovate the Romainville-Bobigny waste treatment plant near Paris, alongside executive appointments and fresh treasury share purchases at VINCI.
These developments arrive just as several major banks cut their analyst ratings on VINCI over concerns about French tax exposure, expiring concessions, and reinvestment risks.
Against this backdrop, we’ll...