Saipem SpA (SPMI.MI)
Latest Key Developments (Source: Significant Developments)
April 24 (Reuters) - Saipem CEO Stefano Cao says::ONSHORE DRILLING BUSINESS COULD BE CANDIDATE FOR COMBINATION WITH OTHER OPERATORS IN THE SECTOR. Full Article
April 24 (Reuters) - Saipem CEO Stefano Cao says::SUBSEA 7 BID ON MCDERMOTT IS SIGN OF CONSOLIDATION OF SECTOR THAT "NEEDS TO BE MONITORED CAREFULLY". Full Article
April 8 (Reuters) - Saipem says::ITALIAN MARKET REGULATOR HAS LAUNCHED AN ADMINISTRATIVE PROCEDURE AGAINST BOARD, CFO AT THE TIME OVER ALLEGED IRREGULARITIES IN 2016 CASH CALL PROSPECTUS.IF PROVEN, REGULATOR'S ADMINISTRATIVE PROCEDURE COULD RESULT IN FINES OF BETWEEN 5,000-500,000 EUROS.REITERATES IT AND ITS EXECUTIVES HAD ALWAYS ACTED PROPERLY, WILL REPLY TO REGULATOR'S ALLEGATIONS IN A TIMELY MANNER. Full Article
Oct 24 (Reuters) - Saipem CEO Stefano Cao says in a conference call::not considering any breakup of group.at moment "not discussing issue of dividend".expects decision on arbitration with Gazprom over the South Stream project by end 2018, but is open to compromise in the meantime. Full Article
Saipem: Shares in the Italian oil contractor fall more than 5 percent after it lowered its guidance . Saipem cut its guidance for the year on Wednesday, saying clients hit by low oil prices were delaying the awarding of contracts.[nL8N1AD7MU] Further company coverage: [SPMI.MI] (Reporting by Milan newsroom). Full Article
French gas and power group Engie , Polish gas firm PGNiG and German lender DZ Bank were the latest companies on Friday to say that their business dealings with Iran would be affected by the re-imposition of U.S. sanctions.