Vinci Awarded City of Cologne Contract

By Max Bernhard Features Dow Jones Newswires

Vinci SA (DG.FR) said Tuesday that it has been awarded a contract to restructure, expand and manage four schools in Cologne, Germany for a period of 29 years.

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The contract, which took effect Jan. 1, has a total value of 163.5 million euros ($196.2 million) and was awarded to Vinci Facilities SKE, a German subsidiary of Vinci Energies, the French construction company said.

The deal covers the renovation of landmarks, construction of new buildings and facility management for the schools.

Write to Max Bernhard at Max.Bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

January 02, 2018 12:15 ET (17:15 GMT)