Società Italiana per Condotte d'Acqua

Società Italiana per Condotte d'Acqua SpA, also known as Condotte d'acqua is an Italian company.[3] Società Italiana per Condotte d'Acqua SpA was founded on 7 April 1880 in Rome, Italy. It was owned till 1970 by Amministrazione del Patrimonio della Sede Apostolica (the financial arm of the Vatican) and Bastogi.

Società Italiana per Condotte d'Acqua SpA
TypeSocietà per Azioni
IndustryConstructions
HeadquartersVia Salaria, 1039, Rome, Italy, ,
Area served
Italy
Key people
Giuseppe Di Giovine (CEO),[1] Duccio Astaldi (Chairman)[1]
OwnerFerfina Spa[2]
Number of employees
2,800 (2018)
SubsidiariesInso,[2] Cossi Costruzioni Spa,[2] Sof Spa, LGV, CI Power, Tenuta Roncigliano,[2] Condotte Romania,[2] Condotte America, Condotte Algerie[2]

It was later sold to Mafia banker Michele Sindona who sold it to IRI – Italstat Groups.[4][5]

History

In 2016, Società Italiana per Condotte d'Acqua SpA became part of Grandi Opere General Contracting group, owned by Bruno Tolomei Frigerio's Ferfina company.[6] In 2018 the Società Italiana per Condotte d'Acqua SpA debt level was about 2 billion euro.[7][8] In the Summer 2018, Società Italiana per Condotte d'Acqua SpA risked bankruptcy.[9] The company has still to pay salaries to hus 2,800 workers since April 2018.[10]

Subsidiares companies

Subsidiares Companies are Condotte America Inc. Condotte Romania Srl Condotte Algerie C2i Srl Inso SpA Cossi Costruzioni SpA C.I. Power srl Tenuta Roncigliano Srl.[3]

References

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