“Eni’s new management is indeed ready to resume the sale of Saipem, though it first needs to cut its debt either via asset disposals or raising equity,” said an unnamed source, as quoted by Reuters this week.
Plans by former Eni chief executive Paolo Scaroni had been well advanced to sell Eni’s 43% stake in Saipem but the disposal was postponed when Italian prime minister Matteo Renzi brought in new management at the oil giant.
Saipem
