Mumbai, Feb. 9 -- French concessions and construction company Vinci SA is nearing a $2 billion deal for Indian road assets owned by Australian asset manager Macquarie Group, paving the way for its return to the country after 11 years, two people aware of the matter told Mint.

Macquarie launched the sale of its highway assets housed under Safeway Concessions Pvt. in September 2025, seeking around $1.2 billion for the portfolio, which it acquired in India's first toll-operate-transfer (ToT) auction in 2018 for Rs.9,681 crore, or around $1.49 billion.

The race for the assets narrowed to three contenders over the subsequent months: Vinci's concessions unit, Vinci Highways; IPO-bound EAAA India Alternatives Ltd's Sekura Roads; and KKR's Vert...