Victory for Salini in the key meeting of Impregilo, call a revoke the current Gavio board of directors, as requested by the Roman group. Salini's proposal passed with the 51,01% of favorable votes. The opponents were 48,9%.
It turned out to be decisive support for the Roman builder of the Amber fund, which owns 7,2% of Impregilo. 80,8% of the share capital took part in the vote. The victory effectively hands over control of the general contractor to Salini.
The assembly then gave the green light to the new board, which will remain in office for three years. The list presented by Salini prevailed with 51,9% of votes in favour, against the 47% collected by Igli (Gavio). Claudius Costamagna, a former Goldman Sachs banker, becomes like this new president of Impregilo. The management of Fabrizio Palenzona, who had been re-nominated by Gavio, only lasted a month.
The other directors are Marina Brogi, Mario Giuseppe Cattaneo, Roberto Cera, Laura Cioli, Massimo Ferrari, Alberto Giovannini, Pietro Guindani, Claudio Lautizi, Geert Linnebank, Laudomia Pucci, Giorgio Rossi Cairo, Pietro Salini, Simon Pietro Salini. Only Giuseppina Capaldo enters for Igli.
At the end of the meeting, only a few words from Bruno Binasco, Igli's number one: "No comments and no answers – he said – today is Salini's day". However, Binasco confirmed that the holding company of the Gavio group has presented a complaint to Consob in which he hypothesizes a concert between the Salinis and the Amber fund.
The market acknowledges that the story will reserve other twists, not excluding a takeover bid by the Tortona group. It is no coincidence that after the vote, the Impregilo share runs to Piazza Affari: the share gains 1,40% to 3,33 euros.
"I don't know, anything is possible, but I don't see a release of this type today - he said Salini to those who asked him about the possibility of a takeover bid by Igli -. I expect everything, but I'm not in Igli's head. Instead, what I expect is a great collaboration, no worries”.
About the project Impregilo merger-Salini, the Roman builder explained: "We will submit it to the Board of Directors, which will evaluate it, after which the proposal will be brought to the assembly". On the relationship with Fondo Amber, which according to Igli he acted in concert with Salini, the CEO of the group limited himself to saying: "We are not hostages to anyone".
The first step of license plate management Salini, the manager reiterated, it will be focus on Impregilo's core business, namely construction. Willingness confirmed sell the entire stake in the Brazilian Ecorodovias.
