Webuild and Astaldi have approved a strategic demerger aimed at integrating Astaldi's operations into Webuild, set to take effect on August 1, 2021.

Target Information

Astaldi S.p.A., an established player in the global infrastructure construction sector, is set to undergo a significant corporate restructuring through a demerger into Webuild S.p.A. The Boards of Directors of both companies have approved this transaction, with shareholder meetings scheduled for April 29 and April 30, 2021, to finalize the plan. The demerger is anticipated to come into effect on August 1, 2021, simplifying the structural organization and enabling targeted focus on core operations.

The demerger involves the separation of Astaldi's assets related to its Continuity Business, which will be integrated into Webuild, while the remaining assets will remain under Astaldi. This transaction aims to streamline operations and enhance operational efficiencies while addressing the obligations set forth in Astaldi's creditors' composition agreement.

Industry Overview

The infrastructure sector in Italy, where both Astaldi and Webuild primarily operate, is undergoing a transformative phase, characterized by significant public and private investments. The Italian government's commitment to enhancing primary infrastructure, combined