Home » News » Currently Reading:

Eni: closing of the sale of 12.5% of Saipem share capital to Fondo Strategico Italiano

January 28, 2016 News No Comments

ENIThe Shareholders Agreement between Eni and FSI has taken full effect

San Donato Milanese (Milan), 22 January 2016 – With reference to the sale and purchase agreement between Eni S.p.A. (“Eni”) and Fondo Strategico Italiano S.p.A. (“FSI”), the object of which is the sale, from Eni to FSI, of a stake in Saipem S.p.A. (“Saipem”) share capital, consisting of n. 55,176,364 ordinary shares, equal to 12.5% of the share capital plus one share, as announced to the market on 28 October 2015, Eni announces the closing of the transaction has taken place following occurrence of all the conditions precedent under the agreement.

Eni has collected an EUR 463,238,681.60 consideration for the sale.

Upon the closing of the transaction, the shareholders agreement entered into on 27 October 2015 between Eni and FSI in relation to Saipem’s shares has taken effect in full. Pursuant to art. 130 of the CONSOB’s regulation no. 11971/99, basic information on the shareholders agreement is available at Saipem’s (www.saipem.com) and CONSOB’s (www.consob.it) websites.

As already announced , the transfer of the stake to FSI will be terminated in the event that the capital increase, which was approved at Saipem’s extraordinary general meeting on 2 December 2015, is not settled by 31 May 2016, and if the outstanding debt of the Saipem Group to the Eni Group is not repaid in full by 30 June 2016.

Furthermore, within the context of the transaction, Eni and FSI have entered into lock-up undertakings vis-à-vis the joint global coordinators of the offer for the capital increase, for a 180-day period from the related settlement, in line with market practice in similar transactions.

 

Comment on this Article:

You must be logged in to post a comment.

RSS Web Crewing Vacancies List

  • Lead Engineer – Offshore Wind April 28, 2017
    Location: UK – East Kent Job Status: Permanent Start Date: ASAP Interview Date: ASAP Open To: EU Nationals or UK work permit holders Job Overview: A leading renewable energy consortium seeks a Lead Engineer to work in their Asset Integrity Team. In this role, you will lead a team of engineers developing and implementing technical […]
  • Graduate Engineer – Asset Integrity – Offshore Wind April 28, 2017
    Location: UK – East Kent Job Status: Permanent Start Date: ASAP Interview Date: ASAP Open To: EU Nationals or UK work permit holders Job Overview: A leading renewable energy consortium seeks a Graduate Engineer to work within their Asset Integrity Team. As a trainee, you will undertake both formal and on the job training aimed […]
  • Chief Engineer for harbour tugs April 27, 2017
    Chief Engineers urgently required for port tugs in Dammam, Saudi Arabia. We offer long-term employment. Successful candidates must suit below requirements: – Previous offshore/tug experience at least 24 months; – Experience with engines bigger than 4000-5000 BHP will be preferred; – Fluent in English (Marlins test at least 80%); – Ready for immediate employment; – […]
  • Master for harbour tugs April 27, 2017
    Masters urgently required for port tugs in Dammam, Saudi Arabia. We offer long-term employment. Successful candidates must suit below requirements: – Previous offshore/tug experience at least 24 months; – Experience with Voith Schneider propulsion will be preferred; – Fluent in English (Marlins test at least 80%); – Ready for immediate employment; – Salary offered is […]

Subscribe to our News Updates

Enter your email address:

Search Box

Featured News

JFC announces new jobs with Launch of new Marine Division

8 Nov 2015

John Concannon, MD. JFC Manufacturing announces details of new jobs, at the ‘Innovating the future of Marine Navigation Safety’ conference in Galway on Friday 16th October, at the launch of the west of Ireland company’s new division, JFC Marine. The …

The 2015 Irish Maritime Forum

6 Oct 2015

The 2015 Irish Maritime Forum, attended by over 150 delegates, discussed the importance of the Maritime Industry to Ireland’s continued economic growth and how solutions to a number of the world’s great challenges will come from the Sea. The National …

Wärtsilä propulsion solution chosen for new Scottish fishing vessel

12 Jul 2015

A new modern fishing vessel being built by Simek AS in Norway on behalf of the U.K. operator Antares (Whalsay) Fishing Company Ltd, will feature an integrated Wärtsilä propulsion solution including main engine, controllable pitch propeller and gearbox. The Wärtsilä …

Eni announces a new oil and gas discovery in the Western Desert of Egypt

27 Jan 2015

In the last three years, in the Western Desert of Egypt Eni has doubled its oil production through exploration of deep sequences. San Donato Milanese, 22 January 2015 – Eni has announced a new discovery of oil and gas in the …

Archives

Latest Comments

Companies Directory