Salini, the famed builder of Italy, is not planning to delist Impregilo should their takeover plans of the company be a success. This was reported by Italian daily Il Sole 24 Ore.
Salini currently owns 30% of Impregilo and has offered Eur4 per ordinary share of the shares it does not own in the largest construction company in Italy. At this price per share, the entire company is valued at Eur1.6 billion. This offer is subject to reaching a majority stake in Impregilo.
According to CEO Pietro Salini, "The takeover is not aimed at the delisting of Impregilo but at creating an Italian champion listed on the stock market. " Salini was able to wrest control of the Impregilo board after its conflict with the Gavio group, who also owned nearly 30% of the company.
There are some complications though with the purchase by Salini, all resulting in the delisting of the company shares in the long run.
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