Italian builder Salini is considering bidding for its billion-euro rival Impregilo if they can't agree a merger to create a national champion in the construction sector, a source close to the matter said. Salini Chief Executive Pietro Salini said in an interview in December that his family-controlled group was studying a plan to merge with Impregilo to create an entity that was technically and financially fit for international markets.Though it has built a stake of 15 percent over the last few months, Salini's ambitions are opposed by the Gavio family, which controls Impregilo with the Benettons and has close links to powerful investment bank Mediobanca."Salini is absolutely open to involving the Gavios. It would be natural for everyone to consider other proposals that can pave the way for an agreement," the source told Reuters on condition of anonymity, adding that so far Salini and Gavio had not met to discuss the plans."A takeover is certainly one of the alternatives. An option that can be (financially) handled," the source said.
Itau Unibanco Holding S.A. is a bank in Brazil. The Company has four operational segments: Commercial Banking, Itau BBA, Consumer Credit and Corporate and Treasury. Shares of ITUB remained unchanged at $20.80. In the past year, the shares have traded as low as $14.47 and as high as $24.72. On average, 13147700 shares of ITUB exchange hands on a given day and today's volume is recorded at 0.
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