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5 million people in the Portugal and Spain

The hunt for votes is launched. The direction of Eiffage and Sacyr Vallehermoso, her Spanish attacker, will have to now convince small shareholders individual and institutional hope to triumph at the General Assembly of the French group next Wednesday. The two protagonists seem to weigh substantially equivalent weight. Sacyr Vallehermoso further accentuated the pressure amount to 33.3 of the voting rights (32 of the capital), threshold beyond which the launch of the OPA is mandatory with the objective to obtain 4 posts to the Board of Directors to weigh on the strategy of Eiffage.

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Jean-François Roverato, the CEO of the French group, decided in its tracks, therefore built a wall of defence. The Caisse des Dépôts et Consignations, entry at 3, yesterday crossed the 5 threshold, alongside employees (20.7 per cent, more a current subscription) and self-control (3.7). Initially regarded as a possible White Knight, Belgian financier Albert Frère (6,01 last score) has not yet formally taken advantage. To achieve its ends, Sacyr will therefore have to rally a large part of the approximately 32 of the capital still scattered and obtain at least 50 and a voice of the voting rights. Not necessarily obvious, whereas the refusal of the Spanish to launch a takeover bid makes his intrusion in less readable capital. Luis del Rivero, the CEO of Sacyr, explains the "echoes" the meaning of his approach and strategy that he intends to propose to shareholders to develop Eiffage.

Why are you interested by Eiffage, while several cross-border connections have already failed in the construction industry

After December 14, i.e. at the same time where Eiffage has won the tender for the concession of Autoroutes Paris-Rhin-Rhône (APRR), the society has changed dimension. This is only a group of construction, it is now a group of concessions. We have been able to detect this new creative dimension of value. By investing in Eiffage, our goal was not to introduce us in the France construction. Only a national or even regional actor can actually succeed on the French market for the construction industry. On the other hand, the strategy of the groups of concessions is international. On the tender of motorways of Indiana in the United States, four groups were nominated and none was American: hispano-australien coupling Ferrovial/Macquarie, da Vinci, the Italian Autostrade and Sacyr French. EIFFAGE and Sacyr could meet together to these major international tenders.

You claim four seats on the Council, that refused his leadership. How do you support your approach

With four seats on a total of 13 directors, we represent a third of the Council, which is a little less than our current participation of 33.3 rights to vote. We have made an investment of 1.7 billion in Eiffage. As such, I believe that we have the right to take part in discussions on the strategy of the group. We want to be an active partner without however imposing our vision.

In parallel, we have proposed to Jean-François Roverato (Editor's Note: CEO of Eiffage) to sit on the Board of Sacyr. We believe that a man of his experience may be useful to our development. We will especially be very attentive to its advice on the opportunities for real estate purchases in France Sacyr develops. In Exchange, we facilitate the entry of Forclum, the subsidiary of Eiffage electrical installation, on the Spanish market of industrial construction.

What strategic changes do you propose

The Group developed in the concessions. It can also do so in the environment sector. Sacyr supplies water more than 2.5 million people in the Portugal and Spain. We believe that Eiffage can also enter this niche currently occupied by Veolia, Saur former subsidiary Bouygues and Suez.

In this context, could the possible sale of Suez environmental activities interest you

Perhaps. Need to discuss with the direction of Eiffage.

What would you do if you don't get these four Professional posts

Life stop after the general meeting of April 19. Whatever happens, we will remain in the capital of Eiffage. In view of our statements, we are committed to the the financial markets authority (AMF) to not launch of OPA for at least 12 months. But we leave more time between one year and a half and two years for good know the company before making a decision. In the meantime, we will remain invested in Eiffage and try to forge a real partnership with the management and employees.

Previous participation of Sacyr Vallehermoso and Somague catch resulted in mergers....

Our investment in Eiffage is a first step, but we do not have in mind Somague or Vallehermoso scenarios. What must be learned from these different interests, is that Sacyr allowed each time to the shareholders of win. In the case of Somague, the exchange of shares is made on a price Sacyr to 11 euros. Its value is now equivalent to 30 euros.

Do you want to meet with the other shareholders, including Albert Frère, to support your nominations of Directors

I do not know Mr. Frère or intentions, but I am pleased to see that we share both the same opinion on the potential of Eiffage. We have not planned to meet with him prior to the General Assembly. But, logically, the interests of all shareholders are the same: increase the value of their investment. For the time being, we plan to meet that small shareholders.

The hedge fund Elliot Management rose 7 in APRR at the same time where Sacyr was established in the capital of Eiffage. Is there a link between these two operations

We have invested 1.7 billion in Eiffage! The arrival of this Fund blocks the output of the APRR rating desired by Eiffage, which cannot rejoice. Our goal is to enhance Eiffage and not the contrary.

Your burst takes place in a context of "economic patriotism" French. What do you think of these fairly virulent reactions

I am all a European Patriot, and even a global Patriot.