Saipem presented its 2016-19 plan. Balance sheet: - Saipem will raise up to €3.5bn of equity, expected in Q1 16. - ENI's transactions: 1) selling a 12.5% stake to FSI (Fondo Strategico Italiano) at a price between €8.83 and €7.40; 2) ENI and FSI signed a shareholders' agreement whereby they submit a common list of Board members. Stand-still and lock-up commitment on all the shares contributed to the shareholders’ agreement; consultation before exercising voting rights and
28 Oct 2015
2016-19 restructuring strategy; €3.5bn equity issue
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2016-19 restructuring strategy; €3.5bn equity issue
Saipem presented its 2016-19 plan. Balance sheet: - Saipem will raise up to €3.5bn of equity, expected in Q1 16. - ENI's transactions: 1) selling a 12.5% stake to FSI (Fondo Strategico Italiano) at a price between €8.83 and €7.40; 2) ENI and FSI signed a shareholders' agreement whereby they submit a common list of Board members. Stand-still and lock-up commitment on all the shares contributed to the shareholders’ agreement; consultation before exercising voting rights and