Fondo Strategico Italiano €463 million acquisition of 12.5% stake in Saipem

25/1/2016

Public acquisition

Value:

€ 463 million

Dollar value:

$ 521.687 million

Status:

Completed

Date:

25/1/2016

Overview:

Fondo Strategico Italiano (FSI) has agreed to acquire 12.5% of Saipem from Eni for €463 million and to subscribe to a capital increase.
FSI is controlled by Cassa depositi e prestiti and Eni.
Saipem is an Italian oil and gas company and employs 7,600 people in Italy.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Public acquisition

Practice area:

M&A

Governing law:

Italy

Industry sector:

Oil and gas

Firms:

Bonelli Erede Lombardi Pappalardo

Party: Eni (Seller)

Chiomenti

Party: Saipem (Target)

Lawyers: Marco Maugeri, Michele Carpinelli (retired)

Gianni & Origoni

Party: Fondo Strategico Italiano (FSI) (Management)

Lawyer: Francesco Gianni

Legance

Party: Fondo Strategico Italiano (FSI) (Acquirer)

Lawyers: Federica Pomero, Filippo Troisi, Giorgio Vanzanelli

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