Italy's Salini counts on CDP to back M&A-fuelled industry revival plan
Share:
(Reuters) - Italy's biggest builder, Salini Impregilo , expects to receive backing by Monday from a sovereign wealth fund and banks for its "Project Italy" plan to revive the moribund construction industry, starting with a takeover of rival Astaldi .Salini wants to become the cornerstone of an industry consolidation, aiming to secure the backing of sovereign fund Cassa Depositi e Prestiti (CDP) and commercial banks for a plan that would use mergers to create a national champion.Salini chief..