Infrastructure giant Salini
Impregilo said Thursday that it has made an offer to take a
controlling stake in troubled construction group Astaldi.
The proposal is for a cash capital increase of 225 million
euros for 65% of Astaldi (after the capital increase), which
would become an "essentially debt-free company".
"The transaction represents an opportunity to create one of
the leading global EPC operators with a combined EPC order book
of around €33 billion and more than 45,000 employees," Salini
Impregilo said.
The statement said the proposal would see Astaldi selling off
its concessions arm, including the third Bosphorus bridge
project and the Gebze-Orhangazi-Izmi highway in Turkey, to pay
unsecured creditors.
ALL RIGHTS RESERVED © Copyright ANSA