|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's range||0.3928 - 0.3928|
|52-week range||0.3928 - 0.3928|
|Beta (5Y monthly)||1.46|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Italy's biggest builder Salini Impregilo gave the go-ahead on Tuesday to a takeover bid for stricken rival Astaldi , kickstarting a state-backed plan to revive the country's moribund construction industry. Salini said it would take a controlling stake in Astaldi, in bankruptcy proceedings, in return for an equity investment it had earlier put at 225 million euros (£203 million), though it removed that figure from its latest announcement on Tuesday. The takeover is at the centre of a much larger financing plan designed to fix Astaldi and create a new national champion.
A state-backed plan to revive Italy's sickly construction industry through a series of mergers could take a step forward next week when its biggest builder, Salini Impregilo , expects to approve a takeover bid for its nearest rival. Known as "Project Italy", the joint public-private initiative has evolving for months in response to an industry crisis that has sent about 120,000 firms broke over the past decade and saddled others with crippling debts. A Salini executive said on Friday that the company expected to receive state and bank financial backing to be able to give the go-ahead next week to take its first big step under the plan: a takeover of struggling rival Astaldi .