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
Società per Azioni
IndustryConstructions
HeadquartersVia Salaria, 1039, Rome, Italy,
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]
Websitewww.condotte.com 

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]

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References
  1. "Società Italiana per Condotte d'Acqua S.p.A." condotte.com. Retrieved 2018-08-21.
  2. "Società Italiana per Condotte d'Acqua S.p.A." condotte.com. Retrieved 2018-08-21.
  3. "Società Italiana per Condotte d'Acqua S.p.A." condotte.com. Retrieved 2018-08-21.
  4. "Michele Sindona, the Outsider as Insider in Worldwide Finance". The New York Times. Retrieved 2018-08-21.
  5. "La verità di Michele Sindona – micromega-online – micromega". temi.repubblica.it. Retrieved 2018-08-21.
  6. "Società Italiana per Condotte d'Acqua S.p.A." condotte.com. Retrieved 2018-08-21.
  7. "Arrestato Duccio Astaldi, presidente Condotte spa – Sicilia". ANSA.it. Retrieved 2018-08-21.
  8. "La crisi di Condotte mette a rischio decine di opere chiave, dalla stazione Tav di Firenze alla Città della Salute di Sesto S. Giovanni – Business Insider Italia". it.businessinsider.com. Retrieved 2018-08-21.
  9. "Condotte vicina al fallimento Servono 200 milioni per salvarla". Corriere.it. Retrieved 2018-08-21.
  10. "Crisi Condotte, estratti a sorte i tre commissari". ilgiornale.it. Retrieved 2018-08-21.


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