Milan, August 8, 2018 – Yesterday, Salini Impregilo's Board of Directors examined the binding offers received by Lane Industries Inc. for the disposal of its Plants & Paving segment.

 

Lane's Board of Directors resolved to proceed with the final negotiation phase, eventually on an exclusive basis, with the intent to sign  an agreement  over the forthcoming weeks.

 

Salini Impregilo CEO Pietro Salini declared "we are extremely pleased of how the process developed for enhancing the value  of Lane’s Plants & Paving segment, a business that our Group deems interesting, but not strategic. Our subsidiary Lane received several  manifestations of interest for the concern. The values of the offers that we examined are all significantly greater than what was paid by Salini Impregilo to purchase  the whole of Lane back at the end of 2015. The expected net proceeds from the sale  will, among other things,  allow the Group to further focus on the large projects segment in the US, which presently  offers significant and concrete opportunities”.