Salini Impregilo to acquire 65% stake in Astaldi for €225m.

Salini Impregilo, an Italian industrial group agreed to acquire a 65% stake in Astaldi, an Italian multinational major construction company for €225m. The transaction represents an opportunity to create one of the leading global EPC operators with a combined EPC order book of c. €33bn and more than 45k employees. The complementarity of their geographical and sectorial presence would strengthen the international position and the improvement of the risk profile of the combined group, with subsequent commercial and operational synergies deriving from the development of their respective commercial and technical capabilities.