Saipem : Divestment in onshore drilling, another stage in the restructuring
>Sale of the onshore drilling activity to KCA Deutag - Saipem has announced the signature of an agreement with KCA Deutag for the sale of all of its onshore drilling activities for $ 550m (i.e. around € 514m) and a stake of 10% in KCA Deutag (post-finalisation of the deal). All told, with this deal Saipem has divested a portfolio of 83 onshore rigs, essentially in operation in the Middle East and the Americas. This activity concerns 4,000 people on the Saipem sid...Saipem is a global contractor with local presence in Africa, Central Asia, America, the Middle East and South East Asia. Co. provides engineering, procurement, construction and installation services; and engineering, procurement and construction services to the oil and gas industry, both onshore and offshore, with a focus on projects, including activities in remote areas, in deep waters and on projects that involve difficult gas or crude supplies.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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