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Saipem, 2 billion euro emergency plan approved. The sales are immediately underway

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Saipem, 2 billion euro emergency plan approved.  The sales are immediately underway

The key points

  • The support of Eni and CDP
  • The process for selling onshore drilling
  • 2021 horribilis

Saipem’s board of directors approved the maneuver to strengthen the financial and equity structure based on a 2 billion euro capital increase of euro to be realized by the end of the year, a new ā€œrevolvingā€ credit line of up to 1 billion and signature lines on a bilateral basis for approximately 1.35 billion.

The support of Eni and CDP

I …

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