Italian Energy Co. Saipem Announces €2B Rights Issue

By Najiyya Budaly (June 22, 2022, 2:28 PM BST) -- Saipem SpA said Wednesday that it has launched a €2 billion ($2.1 billion) rights issue, aimed at strengthening the Italian oilfield services company's capital structure and helping it to acquire more offshore businesses.

The company, which sits on the Euronext Milan stock exchange, said it will offer almost 2 billion new shares to shareholders at an issue price of €1.013 each.

The shares will be offered on a preemptive basis to ordinary and savings shareholders at a ratio of 95 new shares to an existing one held. The shares will have the same entitlements and characteristics as existing ordinary shares....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!