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Timothy Smith

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Timothy Smith

Re: Vincent Milner post# 13

Friday, 09/04/2015 11:36:04 PM

Friday, September 04, 2015 11:36:04 PM

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Eni (E -2.1%) is in touch with cash-rich state holding Cassa Depositi e Prestiti as it looks for ways to take the debt of its Saipem (OTCPK:SAPMY) unit off its balance sheet, Eni's chairwoman says.

One of the solutions reportedly under consideration if for CDP, already the key shareholder in Eni, to take a direct stake in Saipem.

"Our aim is to de-consolidate Saipem's debt... we're studying several options," Emma Marcegaglia says.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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