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Salini Impregilo is in talks to merge with insolvent Astaldi

 

Astaldi had declared insolvency in September 2018. Salini, which grabbed larger Impregilo before, now uses this opportunity to also take over Astaldi.

A good summary of what is going on in Italian (tunnel) construction companies:

https://bit.ly/2QpOTAK

 

  • Lutz Genscher
    By Lutz Genscher

    Allow me to say this: What a mess!

    Out of 20 companies 7 are in financial problems. God knows about others. And the 4 of the top 5 are insolvent!

    #italianmess

  • Roberto Calvi
    By Roberto Calvi

    Astaldi in last many years focused on countries and regions with a lot of corruption like Turkey and South America, In corrupt countries profit margins are huge. But cost of doing business can also rise rapidly,

  • Kris Lubcek
    By Kris Lubcek

    Artıcle says consolidation in Italian constructıon companies is necessary to compete against the giants of other countries. Therefore it is not an opportunistic move but a necessity

  • Lutz Genscher
    By Lutz Genscher

    Having second thoughts. At least Astaldi will not go bust if Salini buys it.

  • Heiko vd Berg
    By Heiko vd Berg

    I thought of Ghella as a bigger company, i think because of their involvement in Follo line,

  • Alan Limbach
    By Alan Limbach

    Really the state of Italian construction companies is real mess.

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