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Bernard Horn Comments on VINCI SA

- By Holly LaFon

The stock price of global concession and construction firm, VINCI SA (DG.PA), increased more than 15% for the quarter, due to successes in its two main business lines: airport concessions in Portugal and Japan and toll road ownership in France. In March 2017, VINCI was awarded the concessions (operations, maintenance and extension upgrading of the terminals and runways) for a Brazilian airport, following on recent entries in other Latin American countries.

From Bernard Horn (Trades, Portfolio)'s Polaris Global Fund first quarter 2017 shareholder letter.
This article first appeared on GuruFocus.