ASF - 2002 annual report - Vinci

Commercial agreements are now in
force with Bouygtel (l-mode) and
SFR for the supply of traffic information
adapted to this method of
communication.
Strengthening ASF’s skills
In 2000-2001, the Management
Committee had undertaken an analysis
called “Vision 2005”. This strategy
highlighted three main themes: the
customer approach, the organization
of our activities and their development.
The arrival of new shareholders
in March 2002 was the opportunity to
confirm these directions.
To promote this strategy, the Group
remodelled its internal organization:
■ by strengthening the Administrative
and Financial Division with in particular
the creation of four new functions,
including “financial communication”,
responsible for shareholder and institutional
investor relations.
A legal division will be set up in the
summer of 2003.
■ by creating a Development Division
and an Environment and Sustainable
Development Division.
Similarly, the functional departments
of the business were restructured
around four divisions: Operations and
Engineering Management Division,
Quality, Safety and Heritage Division,
Commercial Division and Information
Systems and Information Processing
Division.
Developing synergies between
ASF and ESCOTA
While respecting the autonomy of
each entity, the objective is to encourage
maximum Group integration, on
the one hand, to obtain the benefit of
optimum synergies and economies
of scale and, on the other hand, to
ensure the consistency and oneness
of the Group as perceived by the
financial markets.
With this aim, ASF acquired shares
worth 97.6 million euros in the capital
increase of ESCOTA, in November
2002, thereby increasing its holding
in its subsidiary’s capital to 98.97%.
A common ASF-ESCOTA organization
and exchange procedures
(financial committee, management
committees, etc.) were set up in
June 2002.