Salini Impregilo : Down but not out
>Panama Canal consortium ordered to pay € 736m - The Miami International Chamber of Commerce ordered the consortium that built the Panama Canal to pay $ 836m (€ 736m) to the Panama Canal Authority (PCA). The consortium that built the Panama Canal comprised Salini Impregilo (38.4%), Sacyr Vallehermoso (40%) and Dutch group Jan de Sul (20%). The canal was completed in 2016 and the dispute centred on cost overruns on the work.Salini Impregilo’s share price lost 21% ...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).
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