Salini spells out Impregilo merger plan

April 27, 2012

By Danilo Masoni

MILAN | Mon Apr 23, 2012 2:01pm EDT

MILAN (Reuters) – Italian builder Salini expects a possible merger with listed rival Impregilo (IPGI.MI) to create a national champion with sales of around $9.2 billion in 2015, its chief executive said on Monday, pointing to a special dividend if the plan succeeds.

Family-owned Salini, which posted 2011 revenue of 1.4 billion euros ($1.8 billion), has grown in recent years via acquisitions and expansion in markets such as Ethiopia, Kazakhstan, Nigeria and, recently, Denmark.

Salini spells out Impregilo partnership plan

April 25, 2012

By Danilo Masoni

MILAN | Mon Apr 23, 2012 2:01pm EDT

MILAN (Reuters) – Italian builder Salini expects a probable partnership with listed opposition Impregilo (IPGI.MI) to emanate a inhabitant champion with sales of around $9.2 billion in 2015, a arch executive pronounced on Monday, indicating to a special division if a devise succeeds.