Salini Impregilo

Salini Impregilo is engaged in the water segment. Co. is organised according to the distribution of its activities into its various segments: Corporate, which is engaged in the coordination and supervision of Impregilo S.p.A.'s main investments; Construction, which consists of the business headed by Impregilo S.p.A.; Concessions, which consists of the business coordinated by Co.'s subsidiary, Impregilo International Infrastructures B.V. (the Netherlands) and carried out through subsidiaries, jointly controlled entities and associates; as well as Engineering & Plant Construction, which consists of the business headed by FISIA Italimpianti and FISIA Babcock Environment (Germany).
  • TickerSAL
  • ISINIT0003865570
  • SectorConstruction & Materials
  • CountryItaly

Analysts

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 20/01/2020 - RWE

RWE (Conserver) : Juge la compensation pour fermeture des centrales à charbon insuffisante Automobile : La France souhaite revoir les règles européennes sur les émissions de CO2 Salini Impregilo (Achat) : Emission de €250m à 7ans à 3,625%, rachat de €121m de l'obligation 2021 à 3,75% Zone Euro : Le taux d’inflation annuel de la zone euro s’est établi à 1,3% en décembre 2019 Renault (Conserver) : 3,8m véhicules vendus en 2019 (-3,4%) Iliad (Achat) : Lance l'offre publique de rachat d'actions de €1,4 md, financée par l'augmentation de capital réalisée...

Maxime Kogge

Salini Impregilo : Salini Impregilo’s new bond issue: the cherry on the Progetto Italia cake

The group has launched the issuance of a new seven-year non-call life bond of at least € 250m. It is concurrently offering holders of the 2021 € 600m bond to exchange their notes for new bonds based on a ratio of a bond tendered for 1.0475 new bonds. All proceeds raised in addition to the exchange offer will go to repay bank debt, which reflects positively on the group’s disciplined financial policy. - The exchange offer stands just 0.5pts below the make-whole price of 105.25% but...

Maxime Kogge

Salini Impregilo : Salini Impregilo’s new bond issue: the cherry on the Progetto Italia cake

The group has launched the issuance of a new seven-year non-call life bond of at least € 250m. It is concurrently offering holders of the 2021 € 600m bond to exchange their notes for new bonds based on a ratio of a bond tendered for 1.0475 new bonds. All proceeds raised in addition to the exchange offer will go to repay bank debt, which reflects positively on the group’s disciplined financial policy. - The exchange offer stands just 0.5pts below the make-whole price of 105.25% but...

MarketLine Department

Cooperativa Muratori & Cementisti C.M.C di Ravenna - Strategy, SWOT and Corporate Finance Report

Summary Cooperativa Muratori & Cementisti C.M.C di Ravenna - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Cooperativa Muratori & Cementisti C.M.C di Ravenna (CMC Ravenna) is a general construction contractor. The company constructs transport infrastructure networks including roads, motorways, subways, high-speed railways and tunneling. It also builds water and ...

Anis Zgaya ...
  • Christophe-Raphaël Ganet
  • Khaled Ben Amor
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 12/12/2019

...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 20/01/2020 - RWE

RWE (Conserver) : Juge la compensation pour fermeture des centrales à charbon insuffisante Automobile : La France souhaite revoir les règles européennes sur les émissions de CO2 Salini Impregilo (Achat) : Emission de €250m à 7ans à 3,625%, rachat de €121m de l'obligation 2021 à 3,75% Zone Euro : Le taux d’inflation annuel de la zone euro s’est établi à 1,3% en décembre 2019 Renault (Conserver) : 3,8m véhicules vendus en 2019 (-3,4%) Iliad (Achat) : Lance l'offre publique de rachat d'actions de €1,4 md, financée par l'augmentation de capital réalisée...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 14/11/2019 - KBC - EN

KBC (O/P): Net Profit of €1.8bn (-8.3%) In The Nine-Month Period of 2019 NN Group (O/P) - 9M-19: Operating Income of €1.4bn (+6.5%) AXA (O/P): Sale of The Balance of Its Stake In Axa Equitable Holdings Bouygues (M/P) - 9M-19: EBIT of €1.1bn (+30.3%) EDF (U/P): Cuts French Nuclear Output Target On Cruas Reactors For 2019 Telia (M/P): EC Approves The Acquisition of Bonnier AB For $1bn Thyssenkrupp (O/P): 3G Capital Interested To Acquire The Elevator Business For €15bn Moody's Upgrades Arkema (O/P) By One Notch To Baa1 With A Stable ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 14/11/2019 - KBC - FR

KBC (Achat) : RN de €1,8 md (-8,3%) sur les 9M-19 NN Group (Achat) - 9M-19 : Résultat opérationnel de €1,4 md (+6,5%) AXA (Achat) : Cession du solde de sa participation dans Axa Equitable Holdings Bouygues (Conserver) – 9M-19 : EBIT  de €1,1 md (+30,3%) EDF (Vente) : Abaisse sa prévision de production nucléaire en France pour 2019 Telia (Conserver) : Feu vert du CE pour l’acquisition de Bonnier AB pour $1 md Thyssenkrupp (Achat) : Le fonds 3G envisage d’acquérir l'activité Ascenseur pour ~€15 mds Arkema (Achat) : Moody’s rehausse ...

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 11/10/2019 - Automotive Parts Suppliers - EN

TP ICAP - Europe - Morning CreditUpdate 11/10/2019 - Automotive Parts Suppliers - EN

Marnik Hinnekens

TP ICAP - Europe - Morning CreditUpdate 11/10/2019 - Equipementiers automobiles - FR

Equipementiers automobiles : Un secteur avec une marge attendue en léger recul, nous ajustons nos recommandations CNP Assurances (Achat Tier 2) : Pourrait se développer dans l’assurance dommages et prévoyance Banques américaines : La Fed allège les exigences de capitaux des banques UCB (Achat) : Acquisition de Ra Pharmaceuticals pour €2 mds Publicis (Vente vs. Achat) - 9M-19 : Revenus de €6,9 mds (+3,3% à tcc, -1,4% en organique) Suedzucker (Vente) -  S1-19/20 : EBITDA de €214m (-17,4%) Salini Impregilo (Achat) : Contrat de €388m en Norvèg...

Sven Edelfelt ...
  • Virginie Rousseau

Salini Impregilo : Progetto Italia: considerable upside… and uncertainty

>A € 600m capital increase to fund (amongst other things) the acquisition of a controlling stake in Astaldi - We are resuming coverage of Salini Impregilo after the € 600m capital increase completed on 12 November. This deal – subscribed to by Salini Costruttori, CDP Equity, banks and institutional investors – targets, amongst other things, the financing of “Progetto Italia” and notably the acquisition of Astaldi. Note that Salini Impregilo has made a bid to acquire 6...

Sven Edelfelt ...
  • Virginie Rousseau

Salini Impregilo : Progetto Italia : beaucoup de potentiel… et d’incertitudes…

>Une augmentation de capital de 600 M€ pour financer (entre autres) la prise de contrôle d’Astaldi - Nous reprenons la couverture de Salini Impregilo après la réalisation de l’augmentation de capital de 600 M€ finalisée le 12 novembre. Cette opération – souscrite par Salini Costruttori, CDP Equity, des banques et des investisseurs institutionnels – vise entre autres le financement de « Progetto Italia » et notamment l’acquisition d’Astaldi. Rappelons que Salini Impre...

Feasibility Study Results in December to be a Catalyst for this Junior

Feasibility Study Results in December to be a Catalyst for this Junior