VCISF - The 'Yellow Vests' Are Making Vinci Cheap Again
The 'Gilets Jaunes' (Yellow Vests) movement that made the headlines in France and elsewhere started as a protest against high fuel costs. The French government was the main target, but given motorists' limited appetite for toll roads, Vinci (OTCPK:VCISF, OTCPK:VCISY), France's largest toll road operator, was also a popular scapegoat.
As the Gilets Jaunes were more than happy to bring down toll bars and make the roads 'cheap' indeed (albeit with some blockades of their own), Vinci's highway division is expected to take a hit in Q4. Against this backdrop, Vinci's share