Astaldi considering 200-mn cash call (2)

Part of process of long term debt refinancing

(ANSA) - Milan, November 9 - Italian construction group Astaldi said Thursday that it was considering a 200-million-euro capital increase. "The share issue under consideration is aimed at strengthening the Group's capital structure and ensuring the Company is strongly placed to continue a comprehensive process of long term debt refinancing, including extending maturities beyond 2022 and reducing the cost of debt, subject to market conditions," the company said in a statement. "A strengthened balance sheet and capital structure, will contribute to the consolidation of the Group's competitive positioning also with regards to its strategy of geographical repositioning towards lower-risk countries, as outlined in the Strategy Plan 2017-2021".