Impregilo secures future for Fisia

The Italian construction giant sold a 49% interest in the thermal desalination specialist to raise money in 2002. Now it is being bought back as Impregilo tightens up its portfolio.

Italian construction giant Impregilo Group gave a vote of confidence in its thermal desalination subsidiary last month with the decision to buy back a 49% share of the company from Luxembourg-based investment fund Equinox for £68.5 million. Fisia is a market leader in thermal desalination plants (its 16.6MIGD multiple stage flash units at Shuweihat in Abu Dhabi won Desalination Plant of...

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