Webuild → Astaldi + Lane US + Fisia + Cossi + MAIRE → Tecnimont/KT/NEXTCHEM/MET/Stamicarbon + Saipem subs (→ Saipem7) + Fincantieri Vard + Italferr (RFI sub not Pizzarotti).
Italian listed-parent specialty subsidiary workforce against Webuild Group subs (Salini Impregilo legacy entities + Astaldi S.p.A. 65% Webuild since 2020 + Lane Construction US + Fisia Italimpianti water treatment + Cossi Costruzioni; Webuild parent FY24 revenue EUR 12 bn / order intake EUR 13 bn), MAIRE subs (Tecnimont S.p.A. hydrocarbons EPC + KT-Kinetics Technology hydrogen/petchem + NEXTCHEM sustainable tech / circular methanol & H2 + MET Development project development + Stamicarbon urea licensor Netherlands), Saipem subs / consortia (Saipem Drilling + Saipem Offshore E&C + Saipem Onshore E&C + Saipem Sustainable Infrastructure; offshore vessels Saipem 3000 and Saipem 7000 for offshore-wind installation; post-merger Subsea7 + Seaway7 to sit inside Saipem7 H2 2026), Fincantieri Infrastructure (Genoa Bridge PERGENOVA consortium partner — Webuild + Fincantieri Infrastructure + Italferr; Fincantieri parent FY24 revenue EUR 8.13 bn +6.2% EBITDA EUR 509 m +28% net profit EUR 27 m vs -EUR 53 m 2023; Vard Norwegian sub booked 8 of 20 global CSOV orders in 2024 ~33% global market share), and Italferr S.p.A. (RFI engineering sub — note Italferr is RFI engineering company NOT Pizzarotti sub as sometimes mis-attributed) — Tecnimont US$1.3 bn EPC petrochemical kick-off March 2026 (export-oriented overseas geography) + KT-Kinetics Technology Eni Venice Porto Marghera hydrogen lines EPC + Astaldi-led work streams under Webuild on Naples-Bari HSR + Fincantieri Infrastructure on Genoa San Giorgio Bridge + Vard (Fincantieri) Norway-built offshore-wind CSOV programme. TUF D.Lgs. 58/1998 + intercompany cross-border posting under D.Lgs. 136/2016 + EU PWD (Dir. 96/71/EC + 2018/957/EC) + subsidiary-level CCNL alignment + cascade-liability flow-through to parent + INPS + INAIL + Cassa Edile / CNCE.
Request Technical BriefingRegulator exposure profile
- TUF D.Lgs. 58/199828%
- D.Lgs. 136/2016 + UNI_Distacco_UE24%
- Art. 1676 + 276/03 Art. 2926%
- CSRD ESRS S2 phased 2027+22%
Italian specialty subsidiary cascade.
Italian specialty subsidiary matrix against Webuild subs / MAIRE subs / Saipem subs / Fincantieri Vard / Italferr × TUF + D.Lgs. 136/2016 + Codice Civile Art. 1676 + D.Lgs. 276/2003 Art. 29.
| Webuild subs | MAIRE subs | Saipem subs | Fincantieri Vard | Italferr (RFI) | |
|---|---|---|---|---|---|
| TUF D.Lgs. 58/1998 | covered | covered | covered | covered | covered |
| D.Lgs. 136/2016 + UNI_Distacco_UE | covered | covered | covered | covered | covered |
| Codice Civile Art. 1676 | covered | covered | covered | covered | covered |
| CSRD ESRS S2 cascade | upgrading | upgrading | upgrading | upgrading | upgrading |
- In-scope
- Conditional
- Tightening 2027+
- Out of scope
Italferr is RFI engineering sub (state-rail group), NOT Pizzarotti sub — sometimes mis-attributed. CSRD phased 2027+ cascade to listed parents via TUF roll-up.
Named projects in this jurisdiction
- Tecnimont US$1.3 bn EPC petrochemical (kick-off March 2026 export-oriented overseas geography; MAIRE sub) + KT-Kinetics Technology Eni Venice Porto Marghera hydrogen lines EPC MAIRE subs (Tecnimont + KT-Kinetics) 2026
- Astaldi-led work streams under Webuild on Naples-Bari HSR (Webuild 65% acquired Astaldi Progetto Italia Nov 2020; Naples-Bari HSR Webuild/Pizzarotti 70:30 EUR 1.075 bn lot) + Fincantieri Infrastructure on Genoa San Giorgio Bridge (PERGENOVA consortium — Webuild + Fincantieri Infrastructure + Italferr; opened 4 August 2020) Webuild Astaldi + Fincantieri Infrastructure + Italferr 2020
- Vard (Fincantieri Norwegian sub) Norway-built offshore-wind CSOV programme (booked 8 of 20 global CSOV orders 2024 ~33% global market share — 2 Windward Offshore + 2 Dong Fang + 2 Navigare Capital + 1 Cyan Renewables + 1 REM Offshore) Vard (Fincantieri) for global OW developers 2024
- Webuild Group subs (Astaldi 65% + Lane Construction US + Fisia Italimpianti + Cossi Costruzioni) + MAIRE subs (Tecnimont + KT-Kinetics + NEXTCHEM + MET Development + Stamicarbon NL) + Saipem subs (Saipem Drilling + Offshore E&C + Onshore E&C + Sustainable Infrastructure + Saipem 3000/7000 vessels — Saipem7 H2 2026 incl. Subsea7 + Seaway7) + Fincantieri Infrastructure + Vard + Italferr (RFI engineering sub) Webuild + MAIRE + Saipem + Fincantieri + Italferr
Italian listed-parent specialty subs: Webuild → Astaldi 65% + Lane US + Fisia + Cossi (FY24 EUR 12 bn), MAIRE → Tecnimont + KT + NEXTCHEM + MET + Stamicarbon (US$1.3 bn EPC Mar 2026), Saipem → Saipem7 H2 2026 (Subsea7 + Seaway7), Fincantieri → Vard (8/20 CSOV 2024 ~33%), Italferr (RFI engineering sub NOT Pizzarotti). TUF + D.Lgs. 136/2016 + Art. 1676 + 276/03 Art. 29 govern.
01. Pre-pricing — CCNL Metalmeccanica + CCNL Edilizia + Cassa Edile at sub
Subsidiary-level CCNL Metalmeccanica + Edilizia 2025-2028 per scope. Cassa Edile / CNCE per blue-collar worker.
02. A1 + UNI_Distacco_UE + intercompany posting
A1 portable document per posted worker. UNI_Distacco_UE notification before D-1. Intercompany cross-border posting under D.Lgs. 136/2016.
03. CONSOB + Borsa Italiana + ESRS cascade onboarding
CONSOB MAR + TUF compliance at parent. CSRD ESRS S2 cascade phased 2027+ subsidiary disclosure to parent.
04. INPS + ITSS-defensible evidence pack
Minimum pack: subsidiary INPS + INAIL registration, Italy-bank-traceable remuneration, Italian-language contract, A1 receipt, UNI_Distacco_UE receipt, Cassa Edile + CCNL reconciliation, Art. 29 attestation per worker.
05. India and Gulf sourcing corridors — the Italy specialty-sub pathway
Indian and Gulf specialty pools route through subsidiary CCNL + Cassa Edile + Art. 29 + ESRS S2 audit-grade chain-of-custody per Borsa Italiana listed parent (Webuild + MAIRE + Saipem + Fincantieri + RFI/Italferr).