Report
Maxime Kogge

Salini Impregilo : Will Astaldi drag down Salini Impregilo with it?

2018 was an annus horibilis for Italy’s building sector. The arrival in power of a populist government coincided with the shutdown of major works and staggered payments from public authorities. With its significantly larger size and overseas activity, Salini Impregilo could stay afloat while most other significant players (Astaldi, Condotte d’Acqua, CMC di Ravenna) were forced into insolvency. However, Italy’s No. 1 builder suffered a significant drop in local production and diff...
Underlying
Webuild S.p.A.

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).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Maxime Kogge

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