Italy readies M&A-driven plan to revive building industry

MILAN (Reuters) - A state-backed plan to revive Italy's sickly construction industry through a series of mergers could take a step forward next week when its biggest builder, Salini Impregilo , expects to approve a takeover bid for its nearest rival.Known as "Project Italy", the joint public-private initiative has evolving for months in response to an industry crisis that has sent about 120,000 firms broke over the past decade and saddled others with crippling debts.A Salini executive said on..