This section presents the main events that occurred after March 31, 2014, to the extent that they were not the subject of specific comments in earlier sections of the Interim report on operations of the Salini Group for the first quarter of 2014.
On April 17, the Group, as leader with a 75% interest of an aggregation of companies, was awarded a contract, valued at about 410 million euros, for the construction of a section of a highway in Slovakia. The contract, which is for the Lietavská Lúčka – Višňové – Dubná Skala lot and was awarded by Národná diaľničná spoločnosť as, the National Highway Company of Slovakia that operates Slovakia’s highway system, calls for the design and construction of a 13.4 km section of the D1 highway in the northern part of Slovakia. The main items to be constructed include five viaducts, for a total length of 2.5 km, and a twin-tube tunnel 7.5 km in length. This highway section is part of the Transportation Corridor No. 5 of the Trans-European Networks (TEN), which links Bratislava with Uzhhorod in Ukraine, and is financed by the European Union, through the European Investment Bank, and the government of Slovakia. Work on this projects is expected to start in the second half of this year and will last for about five an one-half years.
The resolutions approved by the Ordinary Shareholders’ Meeting held on April 30, 2014 included the distribution of a dividend on the savings shares in the amount of 0.26 euros per savings share, for a total payout of 420,027.66 euros.
The transaction by which Impregilo International Infrastructures N.V., a Dutch subsidiary wholly owned by Salini Impregilo S.p.A., sold an investment equal to the entire share capital of Fisia Babcock Environment GmbH to the Japanese company Nippon Steel & Sumikin Engineering Co., Ltd. closed on May 7, 2014. A portion of the sales price of 139.3 million euros was used to close out the debit-credit relationship existing between the Group and this subsidiary, amounting to 74 million euros circa.
Also on May 7, 2014, Salini Impregilo S.p.A. purchased from Itinera S.p.A., S.A.T.A.P. S.p.A. and S.I.N.A. S.p.A. an 85% interest in C.I.V. S.p.A. for a consideration of about 18 million euros.
For events occurring after March 31, 2014 concerning the USW Campania Projects, please see the section of this Interim report on operations entitled “Non-current assets held for sale – USW Campania Projects.”
No other significant events occurred after March 31, 2014, beyond those described the previous sections of this Interim report on operations.