MILAN, Nov 7 (Reuters) - Billionaire Leonardo Del Vecchio bought a stake in Salini Impregilo, as he took part in a share sale the Italian builder launched on Thursday, Salini chief executive said.
Salini Impregilo’s Chief Executive Pietro Salini said in a statement he was happy with Del Vecchio’s participation in the group’s capital increase.
Italian infrastructure group Salini Impregilo launched a strongly discounted sale of 600 million euros ($665 million) of new shares, as part of a state-backed plan to create a national construction champion.
Del Vecchio recently built a stake in influential Italian merchant bank Mediobanca challenginhg the top management’s strategy. (Reporting by Stephen Jewkes, writing by Giulio Piovaccari)