April 14, 2009 / 1:30 PM / 8 years ago

Italy's Astaldi bids to build Turkish motorway

1 Min Read

MILAN, April 14 (Reuters) - Italy's second-largest builder, Astaldi (AST.MI), said on Tuesday it bid in a tender to build a motorway in Turkey, confirming a newspaper report.

A spokeswoman said the offer was made in a venture with other companies. She declined to give other details, saying the bidding process was still open.

Italian daily Finanza & Mercati said two consortiums, one including Astaldi, had made offers for the estimated $6 billion contract to build a motorway between the Mediterranean port of Izmir and Istanbul.

The report, which cited the Turkish press, said Turkish companies Limak Insaat and Makyol Insaat were also in the running.

Astaldi shares were up 4.26 percent at 3.7925 euros at 1415 GMT, around double the gains posted by the DJ Stoxx construction and building materials index .SXOP.

Reporting by Danilo Masoni; editing by John Stonestreet

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