Jump to navigation

Vol 54 No 25

Published 13th December 2013


Ethiopia

Salini looks to expand

Salini has merged with a Milan-based multinational construction competitor. A Salini statement said that a September Extraordinary Shareholders’ Meeting of Impregilo SpA, a 1.9 billion euro (US$2.6 bn.) construction company listed on the Milan Stock Exchange, had approved a merger with Salini to be finalised by end of this year. Salini has an 89.95% stake in the joint enterprise. The merger follows an acrimonious proxy battle in which investors led by Salini ousted Impregilo’s Board.

End of preview - This article contains approximately 326 words.

End of preview

Subscribers: Log in now to read the complete article.

Account Holders: Log in now and use your Account Credit to buy this article. No Credit? Top up your Account now.


If you are logged in, but still cannot access the full text of this article, email customer services or telephone us on +44(0)1638 743633.