Sunday, 1 June 2014

Used Ferrari for Sale

Used Ferrari for Sale

MILAN May 30 (Reuters) - Italian designer Salini Impregilo said on Friday it was evaluating an equity offering toinstitutional investors for up to 10 percent of its sharecapital to boost its complimentary float.

In a statement, the Milan-based company said its controllinginvestor Salini Costruttori was considering advertising part of itsstake within the invariable offering.

The proceeds of the offering self-control be used to beef up thegroups first city structure and help it fund its 2014-2017business plan, it said.

Salini CFO Massimo Ferrari said in April Salini Costruttoriwould decrease its stake in the designer to surrounding 75 percent from90 percent by the end of the summer. (exposure by Danilo Masoni, editing by Stephen Jewkes)


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