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Wednesday, July 30 2014 @ 11:10 AM EDT

Impregilo shares higher after Panama news

Canal ExpansionMILAN, July 8 (Reuters) - Shares in Italian construction company Impregilo (IPGI.MI) rose over 3 percent after the Panama Canal Authority said the consortium led by Impregilo and Sacyr (SVO.MC) had submitted the lowest price bid for a contract to expand the canal. The authority said the consortium's bid was $3.12 billion while the authority's target price for the contract is $3.48 billion. (Reporting by Stephen Jewkes)
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