Impregilo's subsidiary Impregilo International Infrastrucures NV had sold the 49% equity investment in Contarina S.p.A., a company in the Italian province of Treviso active in municipal solid waste collection and disposal through composting and waste-to-energy conversion.
The stake in Contarina S.p.A. has been sold to the Priulia inter-municipal consortium, which already owns the other 51% of the company. The sale raised proceeds totalling €2.6 million for the Impregilo Group, against a carrying value of approximately €2.2 million.
The disposal is part of the programme for the gradual re-organisation of the Groups equity investment portfolio.
With a view to maintaining the constructive ties of co-operation in the area that have been built up over the years with the consortium, the sale agreement provides for the Impregilo Group, compatibly with current legislation, to join Priulia and Contarina as a partner in presenting bids in response to requests for tenders for the construction of new waste-to-energy plants that may be put out in the area.