Società Italiana per Condotte d'Acqua


Società Italiana per Condotte d'Acqua SpA, also known as Condotte d'acqua is an Italian company.
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 and Bastogi.
It was later sold to Mafia banker Michele Sindona who sold it to IRI – Italstat Groups.

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.
In 2018 the Società Italiana per Condotte d'Acqua SpA debt level was about 2 billion euro.
In the Summer 2018, Società Italiana per Condotte d'Acqua SpA risked bankruptcy.
The company has still to pay salaries to hus 2,800 workers since April 2018.

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.