Impregilo shares soared on the stock exchange, gaining 10,68% at mid-morning at 2,944 euros per share, after reaching a high for the day of 2,98 euros.
The green light granted by the board of directors of the two groups to the merger with Salini gave wings to the title of the construction company. The project provides for a swap of 6,45 Impregilo ordinary shares for each Salini share. Furthermore, many analysts, above all Bnp Paribas, appreciated the new group's 2013-2016 industrial plan, which set very ambitious targets, aiming to achieve a turnover of 7,4 billion in 2016, with clearly growing margins.
Ironically, the launch of the merger plan between Salini and Impregilo took hold on the very day in which the election in Messina of Renato Accorinti, leader of the No Ponte movement, seems to write the final word on the project for the bridge over the Strait.
