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

  • Crane Operator at OSV DP2 April 2, 2018
    Crane Operator VSL’s type – OSV DP2; Wages – 285 USD per day; Contract Duration: 7 weeks; Area of sailing – Angola; Join date – Beginning of September; Comments: The candidate must hold Crane Operator’s License (ICS Certified) min. 200 MT; Minimum obligatory experience – 4-5 years actual on board in the rank; Age Limit […]
  • 3rd Engineer at Cable Layer DP2 April 2, 2018
    3rd Engineer VSL’s type – Cable Layer DP2 (the vessel is working under ARAMCO charter); Wages – 100 USD per day; Contract Duration: 4 months; Area of sailing – Saudi Arabia; Join date – ASAP; Comments: The candidate must hold 3rd Engineer’s Unlimited License, DP Maintenance Certificate; Minimum obligatory experience – 12 months on DP […]
  • Pumpman (Cargo Operator) April 2, 2018
    We are looking for Pumpman (Cargo Operator) Start: Asap Day rate: negotiable Requirements: 3 years experience as Pumpman on oil tankers (VLCC experience preferred) • STCW Reg AII/4 certification. • Understanding of Permit to Work systems; Mechanical Isolation Standards, Risk Assessment and COSHH • Medically fit to offshore International standards such as ENG1 or equivalent.
  • Gas Engineer at VLGC April 1, 2018
    TOP URGENT! We need GAS/ENG for newbuilt LPG 50.000 DWT. (min 15 months experience in the same rank position on the same type of vessels). Traiding area – world wide. Crew on board – mixed, good english is a must. Age limit – below 55 years old Please contact us tel/Viber 380634544252 or send your […]

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