Gammon India is in talks with the
Italy-based power firm, Sofinter, to pick up a majority stake in the foreign
firm. This will be the third acquisition by Gammon in the Italian market and
Gammon is looking for more than 50 per cent equity stake in the firm.
In June 2008, Gammon had acquired a
majority stake in Italian turbine maker Franco Tosi Meccanica for 40 million
euros and a 50 per cent equity stake in power sector services firm Sadelmi for
7.5 million euros.