Apax Selling Faceo to Vinci

PARIS (Reuters) – French construction and concessions group Vinci (SGEF.PA) said on Thursday it would buy Faceo, a French company focused on technical maintenance.

Vinci is acquiring Faceo from private equity group Apax Partners, which bought the company in 2007.

The world’s largest construction group did not disclose the value of the transaction, but said the company had sales of 430 million euros ($572.7 million) in 2009.

Vinci is set to report first-quarter sales on May 4. (Reporting by Michel Rose and Gilles Guillaume; Editing by David Holmes) ($1=.7508 Euro)