MILAN: Italian builder Salini, taking over larger rival Impregilo (IPGI.MI), expects the merged group to double revenues over the next three years helped by expansion in the Americas and Australia, its head said in a newspaper interview. Family-owned Salini, which has built a stake of 86.5 percent in Italy’s biggest builder after a takeover bid ended on Friday, told Il Corriere della Sera yesterday he may consider listing the future merged group on more stock markets.
“It will depend on which markets will offer us more opportunities of raising capital. An option could be a flotation on more markets, with London among the possible options,” Chief Executive Pietro Salini said. The takeover of Impregilo is part of plans by Salini to create a global construction player focused on large civil engineering projects from roads to hydroelectric dams in more than 60 countries. reuters
