Dechert LLP advised Eurovia SAS, a VINCI Group subsidiary and global leader in transport infrastructure and urban development, in its agreement with Salini Impregilo Group to acquire the Lane Asphalt Plants & Paving division of its subsidiary Lane Construction, whose operations cover industrial and roadworks activities, for US$555 million.

This acquisition doubles Eurovia’s size in the U.S. and makes it one of the larger asphalt producers on the East Coast. It also complements Eurovia’s current operations in the United States where its subsidiaries Hubbard Construction and Blythe Construction operate in the Southeastern states of Florida, Georgia, North and South Carolina.

The Dechert team advising Eurovia was led by corporate partners Charles Cardon and Gregory Schernecke.

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