Events after the reporting period



Director’s Report

Other information

This section presents the main facts that took place after the reporting period and not yet commented on in the previous sections of this Report.

On 1 January 2014, the merger by incorporation of Salini S.p.A. in Impregilo S.p.A., pursuant to the shareholders' resolution dated 12 September 2013, took effect. The share capital of the new company, which changed its name to Salini Impregilo S.p.A., was set at

€ 500.00 million. A legal reserve of € 100.00 million was established and 44,974,754 new Salini Impregilo S.p.A. ordinary shares were issued in favour of Salini S.p.A..

On 3 January 2014, the Salini Impregilo Group won the contract for the design and construction of a motorway section between Sebes and Turda in Romania. The client is the "Romanian National Motorway and Trunk Road Company" (CNADNR) and the value of the project is approximately € 121 million. The Sebes - Turda motorway is located in the centre of Transylvania in the provinces of Cluj and Alba. The works to be carried out on the "Sebes-Turda Lot.1" site will consist of 17 km of motorway, with two lanes in each direction plus an emergency lane, and include about 81 thousand square metres of bridges and viaducts and three motorway junctions.

On 13 March 2014, an agreement was signed with the Autoridad por el Canal de Panama (ACP) relating to the resumption of work on the project to widen the Canal, for which Impregilo is a contractor together with Sacyr Vallehermoso (Spain) and Jan de Nul (Belgium). More detailed information in this regard is provided in the section 'Risk areas in the Construction segment' in the previous sections of this Report.

Reference should be made to the section on “Non-current assets held for sale” for details on the events that have taken place since 31 December 2013 with respect to the Campania USW Projects.

No other significant events took place after the reporting date, further to those disclosed in the notes to the consolidated and separate financial statements.