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The latest update is out from Eiffage ( (FR:FGR) ).
Eiffage, through its subsidiary Eiffage Génie Civil Marine, has secured a design-build contract valued over 100 million euros for the renovation and expansion of the container terminal at the port of Matadi in the Democratic Republic of Congo. The project involves creating new quay infrastructure and refurbishing logistics platforms, expected to be completed in 27 months while maintaining ongoing operations. This contract underscores Eiffage’s significant role in international maritime infrastructure, enhancing its position in the industry and potentially benefiting stakeholders through improved port facilities in the region.
More about Eiffage
Eiffage is a leading European company in construction and concessions, involved in sectors such as real estate, civil engineering, metal and road works, energy systems, and concessions. The group, with 78,200 employees, reported a turnover of 21.8 billion euros in 2023, with 31% of its activities being international. Eiffage Génie Civil Marine, a subsidiary, focuses on major international maritime infrastructure projects.
YTD Price Performance: 1.79%
Average Trading Volume: 87,441
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €8.33B
For an in-depth examination of FGR stock, go to TipRanks’ Stock Analysis page.
