Milan, May 24, 2024 - The financial market greatly appreciated the operation of Salini S.p.A., the main shareholder of the Webuild Group, to place the bonds exchangeable into Webuild shares. 

The EUR 225 million operation allows Salini S.p.A. to close its bank debt, therefore reducing the overall exposure of the Webuild Group towards the banking system, with long-term benefits with regard to eventually accessing new financial resources in the future. The exchangeable will also benefit Webuild, in fact, due to the increase of its credit capacity per cash and bond lines with regard to the banking system, serving the core business.

The bond loan will allow optimizing the financial structure, also enabling, among other things, significant savings on long-term financial costs, thanks to the particularly favourable 4% interest rate. 

The placement, with a short-term technical effect on the share, clearly signifies that the main shareholder firmly believes in the appreciation of the Webuild share, and is willing to also partially dilute itself (also increasing the free float in perspective), while keeping a wide control margin, both in fact and right, also considering the shareholders' agreement recently signed with CDP Equity, the second largest shareholder, therefore safeguarding a stable governance for the Group. 

The placement received great attention from the financial community, with an interest of approximately 80 investors, mainly international, and a request approximately 4 times the offer, confirming the Group's solid track record and perspectives.

After the operation, the main analysts confirmed positive evaluations: Among these Equita, which estimates a target price of EUR 3.