Webuild (formerly Salini Impregilo) closes Seli Overseas acquisition
Progetto Italia confirmed as industrial lever for the relaunch of Italy and its construction sector
(PRESS RELEASE) MILAN, 13-Aug-2021 — /EuropaWire/ — Webuild, an Italian industrial group specialised in the construction and civil engineering, formerly Salini Impregilo, has announced it closed the acquisition of 100% of Seli Overseas, a company specialized in tunneling, acquired as part of the agreement with Grandi Lavori Fincosit. This represents a step further for Progetto Italia, the industrial project launched by Webuild in 2018. Progetto Italia will now be able to contribute to Italy’s infrastructural development and to the construction works planned by the Italian National Recovery and Resilience Plan (Piano Nazionale di Ripresa e Resilienza PNRR), even more so after Astaldi’s integration. This last step, the acquisition of Seli Overseas in fact consolidates highly specialized technical skills in the mechanized tunnel excavation sector for underground works.
Effective as of July 27, 2021, it is the result of the offer promoted by Webuild, in 2018 and ends with the final awarding, part of the competitive procedure launched in April 2021, by the judicial liquidator of the arrangement with creditors of Grandi Lavori Fincosit.
Seli Overseas is a company specialized to build complex infrastructure for sustainable mobility, particularly metros and railways, hydroelectric power generation and water management plants, and aqueducts and sewers. It has 70 years of experience and over 800 km of tunnels excavated in Italy and abroad. It has already carried out several projects with the Webuild Group, in Italy, and globally, including the Terzo Valico dei Giovi, the high-speed railway line between Milan and Genoa, currently under construction as well as Copenhagen’s Cityringen metro, the new metropolitan circular line with two 15.5 km-long-tunnels (for a total of 31 kilometres), with 17 new underground stations, located on average 30 metres below ground. The project, inaugurated in September 2019 by the Queen of Denmark will help the city to become the world’s “greenest” capital.
Media contact:
Gilles Castonguay
Tel. +39 342 682 6321
email: gr.castonguay@webuildgroup.com
Investor Relations:
Amarilda Karaj
Tel +39 02 444 22476
email: a.karaj@webuildgroup.com
SOURCE: Webuild S.p.A.
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 closes Seli Overseas acquisition - https://news.europawire.eu/webuild-formerly-salini-impregilo-closes-seli-overseas-acquisition/eu-press-release/2021/08/13/17/34/25/90741/){kind=link}