Saipem's rights issue to ride oil storm

ReutersNewsPublished: October 28, 201512 views
Published: October 28, 2015

Saipem will ask investors for up to 3.5 billion euros ($3.86 billion) of fresh capital to weather the oil service recession. As Ciara Lee reports the CEO of the Italian oil contractor is confident he can plot a path to recovery as main investor Eni SpA takes a step back.

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