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| Impregilo finalizes sale of Costanera Norte Impregilo International Infrastructures N.V., a wholly owned subsidiary of Impregilo S.p.A. of Italy, has sold its share in the Chilean motorway concession-holder Costanera Norte to Nueva Costanera Norte of Chile. The transaction has raised a net capital gain estimated at approximately 105 million euro for the Impregilo Group, with net proceeds of approximately 165 million euro. The funds will be used to reduce Group debt. The sale transaction concerned the entire share capital of Costanera Norte, of which 80% was held by Impregilo International Infrastructures N.V., including the 2.1% interest of Simest S.p.A. acquired prior to closing under the terms of previous agreements, and 10% each by Empresa Constructora Tecsa S.A. and Empresa Constructora Fe Grande S.A. The sale also grants the Impregilo Group an option to buy back up to 10% of the share capital of the Chilean concession-holder. write your comments about the article :: © 2006 Construction News :: home page |