Saipem S.p.A. ADR(SAAYY)- Grey Market
  • Nov. 18, 2013, 9:41 AM
    • Seadrill (SDRL) reportedly is interested in buying Saipem's offshore drilling business in a deal that could cost as much as €3.9B.
    • Such a deal could be positive for both Saipem (SAPMY, SAAYY) and parent Eni (E) by cutting their debt levels, analysts say.
    • Proceeds from SDRL’s planned New York listing of its 74%-owned North Atlantic Drilling subsidiary could provide the funding for such an acquisition.
    | Nov. 18, 2013, 9:41 AM | 9 Comments
Company Description
Currently, there's no company description for SAAYY.
Country: Italy