Difficult day for the Stock Exchange title Saipem, which at the beginning of the afternoon lost 2,6%, to 8,055 euros. This is the worst fall of the Ftse Mib. The sales come on the eve of the quarterly accounts and pending the presentation of the plan for the group's future.
Before the opening of the markets tomorrow morning, the accounts of the plant engineering company of the Eni group will be disclosed. But the market's attention is focused in particular on the Boards of Eni and FSI (Cdp), from which details are expected on the Saipem recapitalization plan. The future of the group will also be illustrated tomorrow in London to the financial community.
The hypothesis at stake is that the overall maneuver amounts to 8 billion euros, of which 3-3,5 for the capital increase and 4-4,5 for the refinancing. The Italian strategic fund, the operational arm of Cassa depositi e prestiti, will enter Saipem's capital and at the moment two hypotheses are being made on the modalities: by buying Eni's rights and then taking part in the recapitalization, or by buying a stake in Saipem from Six-legged dog and therefore participating on a pro-rata basis in the capital increase.
