Vinci has signed an agreement to purchase the Safeway Concessions portfolio from Macquarie Asset Management, a deal valued at roughly 150 billion Indian rupees - equivalent to $1.60 billion when accounting for debt and cash. The French construction group said the acquisition covers a package of nine tolled highway concessions located in southeast India and in the country's west.
The concessions together span nearly 700 kilometers of highway. According to the company statement, these road segments provide links between industrial zones, agricultural regions and logistics hubs, and are operated under contracts with the National Highways Authority of India (NHAI).
Vinci indicated that the transaction includes both the asset values and the associated debt and cash positions that form the total purchase price. The company also set an expected timeline for completion, with financial closing targeted by the end of 2026.
Operationally, the assets in the portfolio are existing tolled concessions, managed under contractual arrangements with the NHAI. The deal therefore transfers a set of revenue-producing road concessions that serve a mix of freight and regional traffic, connected to industrial and agricultural activity as well as logistics flows.
From a transactional perspective, the headline figure provided reflects the enterprise-level valuation of the Safeway Concessions portfolio - that is, the value presented includes both liabilities and cash held within the assets. Closing remains subject to the normal completion steps that accompany infrastructure transactions of this scale, with the parties anticipating a final financial close by the end of 2026.
Contextual note - The information above is limited to the details publicly disclosed in the transaction announcement. The timeline to close and the inclusion of debt and cash in the valuation are the principal items specified by the companies.