Refile: BUZZ-Italy's Webuild slumps on media report of cash injection request to Rome
REFILE-BUZZ-Italy's Webuild slumps on media report of cash injection request to Rome Removes duplicate bullet point.
** Shares in Webuild WBD.MI fall 7.4% after a media report that the company reached out to the Italian govt for additional short-term liquidity to execute a major infrastructure project in Italy
** In a letter to the govt, CEO Pietro Salini stated an immediate €2.1 billion cash need and around €22 billion in claims, of which €13 billion related to costs already incurred by the group, local daily Il Fatto Quotidiano reports
** Brokerage Equita says the key question is what this implied for Webuild's actual cash flow dynamics and the sustainability of its financial profile
** It could also be seen as a negotiating strategy, the broker however adds
** Webuild was not immediately available for comment
** The stock hits its lowest price since June 2024
($1 = 0.8593 euros)
(Reporting by Enrico Sciacovelli)