General: Technip prepares takeover defenses as Saipem seen still in picture
Posted on 27.11.2006 - 03:20 EST in GENERAL NEWS by Rons_ROV_Links
Engineering 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.