ROVworld Subsea Information

Technip prepares takeover defenses as Saipem seen still in picture
Date: Monday, November 27, 2006 @ 02:20:09 EST
Topic: GENERAL NEWS


Technip prepares takeover defenses as Saipem seen still in pictureEngineering and oil services company Technip is preparing measures to defend itself against a potential hostile takeover threat from Eni engineering affiliate Saipem, the daily La Tribune said, citing sources close to Technip.

While Eni said it is not studying a bid for Technip, 'Saipem has not said anything,' it quoted one as saying.

Eni has a 43 pct stake in Saipem.


Source: Forbes.com







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