The 600 million euro operation was closed in a few hours with the placement of 400 million securities that will give life to Progetto Italia and establishes the entry of Cdp into the company's capital and the consequent dilution of the shareholder Salini Costruttori who will in any case participate in the cash injection with 50 million. Strong requests from institutional investors
by Laura Galvagni
1 'of reading
Also Leonardo Del Vecchio in the new shareholder structure of Salini Impregilo. The entrepreneur has invested in thecapital increase of 600 million with the placement of 400 million securities launched and closed in a few hours. The final price was set at 1.5 euros by title and now the new shareholding structure sees Salini Constructors remain the first shareholder but with a share diluted to 44.9%. Following Cdp Equity comes to hold 18.6%. While Intesa Sanpaolo is UniCredit 5.27%. Finally Banco Bpm with 0.67%.
The increase, functional to give life to Project Italy, also enshrines the entry of Cdp in the capital of the company and the consequent dilution of the shareholder Salini Costruttori who in any case participated in the injection of liquidity with 50 million. Another 250 million came from the Cassa and 150 from the lending banks, primarily UniCredit and Intesa Sanpaolo . The remaining 150 million were offered to institutional investors.
With regard to the technical details, following the exercise by the Board of Directors of the delegation to increase the share capital for an amount of € 600 million, the launch of a placement of new ordinary shares of the company reserved for certain investors in order to obtain gross proceeds of 600 million euros. The net proceeds of the capital increase will be destined to support, as a priority, the project aimed at strengthening the national sector of major works and construction, which will be part of the broader business plan of the Company for the three-year period 2019-2021.