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| Impregilo to purchase of Fisia Italimpianti stake and to build cancer centre in Oxford The Impregilo Board of Directors approved the agreement reached with Equinox Investment Company S.C.p.A. for the purchase from Equinox of 49% of the capital of Fisia Italimpianti, for a price of 68.5 million euro. The board’s approval fulfils one of the conditions precedent of the agreement; two conditions remain, namely, the consent of Impregilo’s lender banks and notification of the transaction to the Italian Competition & Market Authority. The purchase will give Impregilo control of 100% of the share capital of Fisia Italimpianti, a multiservices plant and environment company. Fisia Italimpianti is the world leader in seawater desalination technology and treatment of primary and waste water. Through its German subsidiary Fisia Babcock, it deploys leading-edge technology for waste-to-energy conversion and toxic smoke treatment. In the desalination sector, during 2005 Fisia was awarded contracts in the Middle East for an overall value of more than 900 million dollars: the agreements for the construction of desalination facilities in Qatar, Abu Dhabi and Dubai have boosted the company’s orders portfolio by approximately 60%. Furthermore the consortium formed by Impregilo International Infrastructures NV (with a 40% interest) – a wholly owned subsidiary of Impregilo S.p.A. – Barclays European Infrastructure Fund LP (40%) and GSL Joint Venture Ltd. (20%) has been awarded a concession in the UK by the “Oxford Radcliffe Hospitals NHS Trust” for the financing, planning, construction and management of the new cancer centre at Oxford’s Churchill Hospital. The new cancer centre will be designed and built by a joint venture set up by Impregilo New Cross Ltd., an Impregilo Group company, and Alfred McAlpine Capital Project, which will handle the civil works; the electromechanical plant will be constructed by Haden Young Ltd. Impregilo New Cross Ltd. is also to be responsible for the supply and management of medical equipment. Impregilo’s share of the outlay for construction work and supply of medical equipment amounts to approximately 57 million pounds. write your comments about the article :: © 2005 Construction News :: home page |