Saipem Spa: 1 director

A director at Saipem Spa sold 20,709 shares at 2.383EUR and the significance rating of the trade was 54/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board memb...

ODDO BHF Small & MIDCAP MORNING NEWS - 06/01/2022

After a rough patch during the crisis and with key players having now validated its urban and industrial sludge treatment technology, Orège is starting on a new growth phase (2025 sales of € 24.7m est. vs € 2.3m in 2021). The ramp-up should see a significant improvement in its operating performances (€ 6.7m of EBITDA in 2025 or 24.5% of sales). We are initiating coverage on Outperform with a target price of € 1.7. - ...

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...

Paprec : Issuance Focus

Paprec is returning to the bond market to issue € 850m in two tranches, with five- and seven-year maturities. Proceeds will be used to refinance the two bonds issued two years earlier, which have high coupons of 6.5% (€ 300m, 2027) and 7.25% (€ 500m, 2029), respectively. The aim is to extend the group's maturities but also to capitalise on lower interest rates and tighter spreads to refinance under better conditions and thereby reduce interest expense. The PAPREC 2027 and 2029 notes are expected to be repaid ahead of maturity using their prepayment provisions at 103% on 10% of the outstanding ...

Paprec : Focus Emission

Paprec revient sur le marché obligataire pour émettre 850 m EUR en deux tranches, à 5 et 7 ans, qui serviront à refinancer les deux obligations émises il y a deux ans et qui ont des coupons élevés, de respectivement 6.5% (300 m EUR, 2027) et 7.25% (500 m EUR, 2029). L’objectif est de rallonger les échéances du groupe mais aussi de profiter de la baisse des taux et de la compression des spreads depuis deux ans pour se refinancer dans de meilleures conditions et réduire ainsi ses charges financières. Les obligations PAPREC 2027 et 2029 devraient être remboursées par anticipation en utilisant la ...

thyssenkrupp : Moving ahead on the planned spin-off of TKMS