The share of Salini Impregilo in Piazza Affari soars: at the end of the morning, the share of the construction company gains more than 4%, at around 1,32 euro per share, after having gained almost 5% at the beginning of the session. The reason? According to an indiscretion reported by Corriere della Sera, it would be emerging more and more the hypothesis of a maxi construction pole to resolve the crisis in the sector, at the center of which there would be the Milanese company.
The operation would therefore see its fulcrum in the leader of the sector, precisely Salini Impregilo, which would thus consolidate the activities into a single large pole with the participation of Cassa depositi e prestiti. The project is divided into several steps. The first is the rescue of Astaldi, which ended up in composition with creditors in October, which with its 3 billion euro of public contracts represents the main concern for the effective execution of the works and has just requested a two-month extension to present a plan return to creditors. Speech similar to that of Condotte, in extraordinary administration, which has orders and strategic investments in its belly such as the Third Pass of Genoa - the refinancing of which has just been unblocked by the government - the Florence tunnel for high speed and the Venice Mose .
However, according to the Via Solferino newspaper, the new center will have to overcome some obstacles: although the creditor banks would be inclined to give a decisive push to the maxi-pole, via the conversion of credits, signals are arriving from Astaldi's top management in favor of the Japanese intervention, i.e. the offer already presented by Ihi, which should put at least 600 million on the plate as part of a capital strengthening of around 2 billion. Capital strengthening that would be needed by Salini Impregilo to complete the operation. Astaldi's investors have so far reacted less well to the news: the share in Piazza Affari loses almost 1%.
