Bid & Tender
Italy's Saipem to Sign Pipeline Deal with Iran

Date : Jan 29, 2016

According to a report, Italian oil services group Saipem is set to sign an accord with Iran for a pipeline about 2,000 km long worth between $4 billion and $5 billion, a source with knowledge of the matter said.


Saipem was not immediately available for a comment.


Saipem shares were suspended from trading on Monday after rising 6.7 percent on the first day of a 3.5 billion euro cash call as traders said investors were selling the rights to buy the new shares and buying the stock instead.