Astaldi attracts interest of Vinci - report (translated)
06 DEC 2018
Astaldi [BIT:AST], the insolvent Italian construction group, has attracted the interest of French construction group Vinci [EPA: DG]s, the Italian-language daily Il Sole 24 Ore reported. The unsourced report claimed that Vinci is not interested in the whole group but some of Astaldi's order book.
The item noted that in other developments, some of Astaldi's bondholders have come together into the Comitato Bondholders Astaldi. The report said that the committee has hired Legance to represent the interests of holders of Astaldi's EUR 750m 2020 bond.
The article added that alternative lenders Sound Point Capital and Fortress are to ready to lend Astaldi EUR 70m immediately and another EUR 200m in 2019.