Salini plans capital raise and bank lines for Astaldi buy

cable bridge 230
By Mike Turner
17 Jul 2019

Italy’s Salini Impregilo is pushing ahead with plans to buy compatriot troubled construction rival Astaldi after getting the preliminary nod from financiers, with the acquiring company set to raise €600m among a raft of funding agreements.

Italy’s largest building company Salini said on Tuesday that it was pushing ahead with the long-considered acquisition after receiving letters of comfort from lenders that the company interprets as confirmation the creditors accept the acquisition’s corporate and financial structure in principle.

Intesa Sanpaolo, UniCredit, Italian export credit agency Sace, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.