Eiffage has finalised the disposal of two hospitals PPPs for 272 million

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Eiffage has finalised the disposal of two hospitals PPPs for 272 million

EIFFAGE has finalised the disposal of 100% of two companies dedicated to the public-private partnerships of the Annemasse (Hanvol) and Rennes (H'ennez) hospitals to Meridiam Infrastructure for a global valuation of €272 million (US$375 million).

Created by EIFFAGE, these two companies hold partnership contracts for the design, construction, financing and the operation of the aforementioned buildings which were put into service respectively in 2010 and 2011.

EIFFAGE will keep on providing the operation and facility management of these PPPs until the end of the contracts.

These disposals are part of the active PPP portfolio management strategy of EIFFAGE. They follow the disposals of OPTIMEP 4 to DG Infra in December 2011 and of the Group share of ADTIM to OFI Infravia in December 2012.

EIFFAGE will also sell to Meridiam, during 2014, and subject to the clearance of the public authorities, the company Centor 36 who holds a PPP contract for the gendarmerie barracks in Châteauroux. Centor 36 is valued at €35 million (US$48.2 million). Once the Centor 36 transaction realised, EIFFAGE would have closed for more than €600 million (US$827.2 million) of disposals since the end of 2011.

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