Eni completes sale of 12.5% Saipem stake

Eni SPA completed its sale of a 12.5% interest in Saipem SPA to Fondo Strategico Italiano SPA for €463.2 million (OGJ Online, Nov. 4, 2015).

Eni retains an interest of about 30% in the construction and drilling contractor, once a wholly owned subsidiary.