- Completion of the disposal to Impregilo and Condotte, on a 50/50 basis, of the stake (equal to 20%) of Tecnimont S.p.A. in COCIV Consortium, general contractor of the “Terzo Valico dei Giovi” project, for a value of nearly €50 MN
Milan, 20 September 2013 – With regard to the disposal, disclosed to the market on 17 June 2013, of the Group stakes in infrastructure and civil engineering projects, in line with the Group refocus on oil, gas and petrochemicals core business, Maire Tecnimont S.p.A. informs that on today’s date the sale of the entire stake (and of the relative rights and obligations) held by the subsidiary Tecnimont S.p.A. in COCIV Consortium (equal to 20%) to Impregilo and Società Italiana per Condotte d’Acqua, on a 50/50 basis, has been completed. The transaction value is equal to nearly €50 million.
Banca IMI and Lombardi Molinari e Associati Law Firm have been the advisors for the aforesaid transaction.
Maire Tecnimont SpA
Maire Tecnimont S.p.A., a company listed on the Milan Stock Exchange, is leading an industrial Group (Maire Tecnimont Group) leader at international level in the sectors of Engineering & Construction (E&C), Technology & Licensing and Energy & Ventureswith specific skills in plant engineering in particular in the hydrocarbon industry (Oil & Gas, Petrochemicals, Fertilizers) and also in Power Generation and Infrastructures. The Maire Tecnimont Group is present in over 30 countries, has about 45 operating companies and counts about 4,200 employees, half of whom are located abroad. For further information: www.mairetecnimont.com.
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