"If there is a clear project we can go below 50% of Salini's capital, there is no ownership issue". These are the words of the managing director of Salini and Impregilo, Pietro Salini, who met the press to present the merger project of the two realities in the construction sector. Pietro Salini explained that the first step provides for the family to drop from the current share close to 90% by restoring a free float of 25%. In perspective, however, all roads are open: "If needed, we could make a capital increase or a card-to-card exchange to support growth operations".
Everything will depend on the opportunities that will be created, perhaps thanks to maxi orders that could arrive. Salini cited, for example, the tender for Riyadh's subways which is worth 26 billion dollars and in which the group is participating together with other subjects. Operations like these could open up new scenarios and push the Salini family to fall below 50% "even before 2016", the reference period of the plan presented to the financial community these days.
