Italian oil services firm
Saipem was suspended from trading on the Milan bourse Tuesday
after revising down its targets and posting a 9% stock loss.
On Monday Saipem said it had won around $2 billion worth
of engineering, construction and drilling contracts in the
Middle East and Latin America.
Saipem S.p.A. (Società Anonima Italiana Perforazioni E
Montaggi) is a subsidiary of Italian energy group Eni, which
owns approximately 43% of Saipem's shares.
Saipem has contracted for designing and constructing
several pipelines, including Blue Stream, Greenstream, Nord
Stream and South Stream.
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