Way to new governance. Simplified control chain
Sias and the banking group have signed an investment agreement undertaking to subscribe the capital increase of 96,1 million which will be approved by the holding company set up to build the External East Ring Road of Milan (Tem) and the other ring roads of…
The Gavio family adheres to the Salini takeover bid and effectively says goodbye to Impregilo, retaining only 1,99% ''purely as a financial investment''.
Will Beniamino Gavio accept the offer of the "enemy" Pietro Salini? - It is probable that the decision will only be communicated close to the expiry date, set for April 12, but the markets do not believe in the counter-takeover bid - According to Salini, if Gavio…
Impregilo's rally continues, gaining 5% again in the early afternoon, thus exceeding the 4 euro per ordinary share offered by Salini through the takeover bid - Meanwhile, the hypothesis of a counter-takeover bid by Gavio is taking shape.
The operation has as its objective the merger between Impregilo and Salini constructions for the creation of a "national champion" - The attitude of Gavio will be decisive, which through Igli holds 29,26% of the capital.
The BoD of Autostrade Torino Milano is evaluating it, the company controlled by the Gavio family through Aurelia, and which in turn is in the capital of Impregilo through Igli.
The investigation stems from a dispute by the Gavio group after the change at the top of the general contractor, which led Pietro Salini to hold the position of managing director last summer. Salini is under investigation for insider trading at the Milan prosecutor's office.
The Civil Court of Milan has rejected the urgent appeal presented by Igli for the suspension of the resolutions of the Impregilo assembly which had revoked the Gavio board of directors, appointing a new Salini council.
The Tortona-based group explains that, in relation to this operation, the extraordinary shareholders' meeting of Autostrada dei Fiori gave the board of directors the mandate for a capital increase of up to 162,5 million euros.