Salini Buys Lane for $406 Million to Expand in U.S. MarketBy , , and
Acquisition boosts Salini' U.S. revenue to 21 percent of total
'U.S. market is booming with enormous works,' CEO says
Salini Impregilo SpA, which has projects from the expansion of the Panama Canal to a new subway line in Riyadh, agreed to buy 100 percent of Cheshire, Connecticut-based Lane Industries Inc., in a deal valuing the company at $406 million, according to a statement to the Milan exchange. Shares jumped.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.