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VINCI Highways acquires controlling stake in the Confederation Bridge concession

Date Closed

May 27, 2022

Lead Office


On May 27, 2022, VINCI Highways, through its Canadian subsidiary Vinci Concessions Canada Inc. closed a transaction by which it increased its stake in Strait Crossing Development Inc. (“SCDI”) from 19.9% to 85% following the receipt of certain regulatory approvals, including from the Minister of Transportation. SCDI is the owner/operator of the concession contract for the Confederation Bridge which connects Prince Edward Island to New Brunswick and the mainland. VINCI Highways which has been a long-term shareholder of SCDI, was able to increase its stake through the 100% acquisition from OMERS Infrastructure of BPC Maritime Corporation, which holds 65.1% of the equity in SCDI.

Vinci Concessions Canada Inc., headquartered in Montreal, Quebec, is a mobility infrastructure company that uses its integrated model to design, finance, build, operate and maintain airports, motorways and railways. 

SCDI, headquartered in Borden-Carleton, Prince Edward Island, is a private sector developer tasked by the Government of Canada with designing, building, financing, and operating the Confederation Bridge. 

McCarthy Tetrault advised Vinci Concessions Canada Inc. with a team led by Louis-Nicolas Boulanger that included Claire Gowdy, Suzie Cusson, Benjamin Rivard (Business), Dominic Thérien, and Erin Keogh (Competition).