When the A41 road was opened in January 2008, the ADELAC Concession was 49.9% owned by AREA, a subsidiary of APRR and the operator of A41. This 49.9% ownership interest was subsequently transferred from AREA to APRR.
In November 2016, AREA entered into an agreement to acquire an additional 46.1% interest in ADELAC. MAF2 (the entity through which ALX holds its interest in the APRR Group) and Eiffage subsequently entered into an agreement with AREA to purchase this 46.1% interest. This was followed by additional 4.0% acquisitions from Eiffage and MAF2 of the remaining minority interests.
Accordingly, MAF2 has a 25.0% indirect holding in ADELAC through the APRR Group in addition to a 25.1% direct holding in ADELAC.
The A41 was opened in 2008 and is 20 kilometres in length with a configuration of 2x2 lane motorway.
ADELAC has three toll plazas each with cash, credit and ETC toll payment facilities.
There are five tolling categories on the ADELAC concessions, refer to the APRR section for further details.
Under the concession contract, tolls are permitted to increase annually on 1 February by French CPI plus a fixed percentage until the concession end:
- Until 2020: tolls to increase annually by French CPI + 1.7%
- 2021-2030: tolls to increase annually by French CPI + 1.0%
- 2030 onwards: tolls to increase annually by French CPI
In the event that French CPI is negative to the extent that the above calculations result in a toll decrease, tolls will be floored at a 0% change for that year.