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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

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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