Italy’s Eni agrees sale of Saipem stake
Premium Content
29 October 2015
Italian energy group Eni has agreed to sell a 12.5% stake in its engineering & construction, and drilling subsidiary business Saipem.
Eni currently owns 42.93% of Saipem, in partnership with Dodge & Cox and the People's Bank of China, who own 12.1%, and 2.035% respectively.
Saipem will sell its 12.5% stake to the shareholding company Fondo Strategico Italiano (FSI) for around €400 million.
In addition, Saipem will pay off its debt to Eni, which is said to be around €6.1 billion.
Experts will discuss how smarter cooling can improve uptime, reduce costs and boost equipment performance
As fuel and engine options expand, OEMs are taking a more strategic approach to matching power with application
How good fuel management and advanced filtration can help fleets adopt lower-carbon fuels without sacrificing uptime or component life.