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  • Eni: assessment of options for the company's stake in Saipem put on hold
    édité le 12/12/2014 - Plus de news de "Eni" - Voir la fiche entreprise de "Eni"


Eni: assessment of options for the company's stake in Saipem put on hold
Last July Eni introduced a new organizational structure with even greater focus on the oil & gas business. In this context, the shareholding in Saipem has been identified as no longer in line with the strategic objectives of the Group.

Following this decision, Eni had started an assessment of a range of options for its stake in Saipem with the support of a financial advisor. Recently, market conditions have become increasingly volatile. This has led Eni to put on hold this assessment whilst still confirming the above strategy.

About ENI

Eni is an integrated company that operates across the entire energy chain, employing some 78,000 people in 90 countries around the world. Scientific research and technological innovation are at the heart of its strategies for sustainable development.
Eni’s excellent portfolio of conventional oil assets with competitive costs and the strong resource base with options for anticipated monetization ensure a robust value generation at Eni’s upstream activity. The vertical integration provided by the large presence in the gas and lng markets, and the know-how in refining and chemical sectors enable the company to capture synergies and catch joint opportunities and projects in the marketplace.

About Saipem

Saipem operates in the Engineering & Construction and Drilling businesses, with a strong bias towards oil & gas-related activities in remote areas and deep-waters. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and execution of large-scale offshore and onshore projects, and technological competences such as gas monetization and heavy oil exploitation.


Origine : Communiqué Eni

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