Salini Impregilo expected to make non-binding offer to Astaldi on 15 December
Salini Impregilo [BIT:SAL] is expected to make a non-binding offer for Astaldi [BIT:AST], the insolvent Italian construction group, on 15 December, the Italian-language daily Il Corriere della Sera reported.
The unsourced report said that the offer would come just before Astaldi's present bankruptcy protection expires on 16 December.
The report added that Astaldi is expected to ask for a 60-day extension on its bankruptcy protection procedure
The item also claimed that Studio Laghi was acting as a financial advisor to Astaldi.
The article added that Astaldi has turnover of EUR 3bn.