공시 • Mar 13
Saipem SpA, Annual General Meeting, May 08, 2025 Saipem SpA, Annual General Meeting, May 08, 2025, at 11:00 W. Europe Standard Time. 공시 • Feb 24
Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion. Saipem SpA (BIT:SPM) signed a agreement in principle to acquire Subsea 7 S.A. (OB:SUBC) from Siem Industries S.A. (OTCPK:SEMU.F) and others for €4.6 billion on February 23, 2025. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. Subsea7 will distribute an extraordinary dividend for an amount equal to €450 million immediately prior to completion. Transaction expected to deliver material value creation for the shareholders of both Saipem and Subsea7. Annual synergies of approximately €300 million are expected to be achieved in the third year after completion, with one-off costs to achieve such synergies of approximately €270 million. The combination of Saipem and Subsea7 (the “Combined Company”) will be renamed Saipem7, and will have a combined backlog of €43 billion, Revenue of approx. €20 billion and EBITDA in excess of €2 billion. As part of this, it is intended that the Combined Company’s Chairman will be designated by Siem Industries and that the Combined Company’s CEO will be designated by CDP Equity and Eni. Siem Industries (being the largest shareholder of Subsea7) would then own approximately 11.9% of the Combined Company’s capital, while Eni and CDP Equity (being the largest shareholders of Saipem) would own approximately 10.6% and approximately 6.4%, respectively. Assuming all Subsea7 shareholders participate in the merger, the share capital of the Combined Company will be held 50-50% by the current shareholders of Saipem and Subsea7. The entering into and signing of binding definitive documents in mid-2025 in respect of the Proposed Combination is conditional, inter alia, on the successful completion of confirmatory due diligence by the parties, the execution of a mutually satisfactory merger agreement and the approval of the final terms of the Proposed Combination by the Board of Directors of Saipem and Subsea7. The parties will also engage with the relevant works council consultations required by the applicable laws. Moreover, completion of the Proposed Combination will be subject to customary conditions precedent for a transaction of this nature, including, inter alia, approval by the shareholders’ meetings of both Saipem and Subsea7, the former to be also passed with the so-called whitewash majorities for the purposes of the mandatory takeover bid exemption13 , and obtaining the required Italian government approval and customary regulatory clearances. The MoU also provides for termination rights for each of Saipem and Subsea7. Completion anticipated to occur in the second half of 2026.
Goldman Sachs International is acting as lead financial advisor to Saipem, and Deutsche Bank AG, Milan Branch as financial advisor to Saipem. Clifford Chance LLP is serving as global legal counsel to Saipem in particular as to matters of Italian, English, US and Luxembourg law, while Advokatfirmaet Thommessen AS is serving as legal counsel to Saipem as to matters of Norwegian law. Kirk Lovegrove & Company Limited is acting as lead financial advisor and Deloitte LLP is acting as financial advisor to Subsea7. Freshfields LLP is serving as global legal counsel to Subsea7 (including as to matters of Italian, US and English Law), while Elvinger Hoss Prussen S.A. and Advokatfirmaet Wiersholm AS are serving as legal counsels as to matters of Luxembourg and Norwegian law, respectively. 공시 • Jan 24
Saipem SpA (BIT:SPM) commences an Equity Buyback Plan for 37,000,000 shares, representing 1.85% for €59.3 million, under the authorization approved on May 3, 2023. Saipem S.p.A. (BIT:SPM) commences share repurchases on January 16, 2024, under the program mandated by the shareholders in the Annual General Meeting held on May 3, 2023. As per the mandate, the company is authorized to repurchase up to 37,000,000 shares, representing 1.85% of its issued share capital, for total worth of €59.3 million. The price to be paid for repurchase should not be more or less than 5% of the reference price of shares recorded on the computerized trading market on the day prior to the buyback. The purpose of the share repurchases is to cover the 2023 allocation of the 2023-2025 Long Term Incentive Plan. The program is valid for 18 months. As of March 23, 2023, the company had 1,995,142,495 shares outstanding and 415,237 shares in treasury. 공시 • Nov 23
BW Energy Limited (OB:BWE) acquired FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM). BW Energy Limited (OB:BWE) has signed an agreement to acquire FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) for $73 million on June 24, 2022. BW Energy will pay Saipem $73 million in fixed consideration for the FPSO of which $25 million is due at closing, $13 million due at FPSO takeover and $35 million paid in 18 monthly instalments following the takeover. The transaction is subject to fulfilment or waiver of conditions precedents with an expected closing and takeover of the FPSO in the first quarter of 2023. As of March 16, 2023, the transaction is expected to close in Q2, 2023.BW Energy Limited (OB:BWE) completed the acquisition of FPSO Cidade de Vitoria from Saipem SpA (BIT:SPM) on November 21, 2023. 공시 • Dec 24
Saipem SpA, Annual General Meeting, May 03, 2023 Saipem SpA, Annual General Meeting, May 03, 2023. Agenda: To consider the approval of the financial statements of Saipem S.p.A. at December 31, 2022; and to consider the appointment of the Board of Statutory Auditors. 공시 • Oct 29
Saipem S.p.A. Appoints Davide Manunta as Non-Executive and Non-Independent Director, Member of the Sustainability, Scenarios and Governance Committee Saipem S.p.A. Board of Directors of the Company and having received the opinion of the Compensation and Nomination Committee and with the approval of the Board of Statutory Auditors, appointed by co-option, pursuant to art. 2386, paragraph one, of the Italian Civil Code, Mr. Davide Manunta as non-executive and non-independent Director. Mr. Manunta was also appointed member of the Sustainability, Scenarios and Governance Committee. 공시 • Aug 23
Saipem Spa Announces Resignation of Mr. Pier Francesco Ragni as Non-Executive and Non-Independent Member of the Board and Member of Sustainability, Scenarios and Governance Committee Saipem S.p.A. informed that, on August 22, 2022 and with effect from September 1st, 2022 or from the different previous date in which the Board of Directors of Saipem S.p.A. will appoint a new member of the Board to replace him, pursuant to art. 2386 of the Italian civil code - Mr. Pier Francesco Ragni, a non-executive and non-independent member of the Board and a member of Saipem's Sustainability, Scenarios and Governance Committee, resigned due to new professional commitments. 공시 • Jul 12
Saipem SpA has completed a Follow-on Equity Offering in the amount of €1.395245 billion. Saipem SpA has completed a Follow-on Equity Offering in the amount of €1.395245 billion.
Security Name: Shares
Security Type: Common Stock
Securities Offered: 1,377,339,640
Price\Range: €1.013
Transaction Features: Rights Offering 공시 • Jun 03
Kca Deutag Limited agreed to acquire Onshore drilling business of Saipem from Saipem SpA for $550 million. Kca Deutag Limited agreed to acquire Onshore drilling business of Saipem from Saipem SpA for $550 million on June 1, 2022. As per the terms of the deal, Saipem will also receive a 10% stake in KCAD. Employing approximately 4,000 people, Saipem’s Drilling Onshore business has a portfolio of 83 land rigs. Saipem said the cash proceeds from the deal would be used to reduce its net debt and fund its 2022 to 2025 business plan. The transaction excludes financial debt transfered to KCAD from Saipem. 공시 • Jun 02
KCA Deutag Drilling Limited signed a binding agreement to acquire Drilling Onshore Business from Saipem SpA (BIT:SPM). KCA Deutag Drilling Limited signed a binding agreement to acquire Drilling Onshore Business from Saipem SpA (BIT:SPM) on June 1, 2022. The consideration will be paid $550 million in cash plus 10% equity stake in in KCAD after its acquisition of the Saipem’s Drilling Onshore. The transaction does not entail any financial debt transfer from Saipem to KCAD. Final consideration is subject to customary closing adjustments. JPMorgan Chase & Co. (NYSE:JPM) and Lazard Ltd (NYSE:LAZ) acted as financial advisor to Saipem SpA. 공시 • May 31
Saipem SpA Appoints Paolo Calcagnini as Chief Financial Officer Saipem SpA informs that Paolo Calcagnini has taken on the role of Chief Financial Officer. The company also informs that the Board of Directors, having heard the Compensation and Nomination Committee and with the favorable opinion of the Board of Statutory Auditors, appointed Paolo Calcagnini as Officer Responsible for the company's financial reporting, pursuant to art. 154-bis of Legislative Decree 58/1998. 공시 • Jul 15
Saipem SpA (BIT:SPM) completed the acquisition of Floating Wind Business Of Naval Energies from Naval Energies SAS. Saipem SpA (BIT:SPM) agreed to acquire Floating Wind Business Of Naval Energies from Naval Energies on June 3, 2021. The deal is subject to obtaining the relevant administrative authorizations. Anne-Laure Drouet, Barbara Levy, Magali Masson and Arthur Leclerc of De Pardieu Brocas Maffe acted as legal advisor to Saipem SpA. Jérôme Margulici of Capstan Avocats acted as legal advisor to Saipem SpA. Anne Tolila of Gide acted as legal advisor to Naval Energies SAS. Frédéric Leclercq and Hélène Said of Lusis Avocats acted as a legal advisor to Naval Energies SAS.
Saipem SpA (BIT:SPM) completed the acquisition of Floating Wind Business Of Naval Energies from Naval Energies SAS on July 13, 2021. 공시 • Jun 05
Saipem SpA (BIT:SPM) agreed to acquire Floating Wind Business Of Naval Energies from Naval Energies. Saipem SpA (BIT:SPM) agreed to acquire Floating Wind Business Of Naval Energies from Naval Energies on June 3, 2021. The deal is subject to obtaining the relevant administrative authorizations. 공시 • Feb 26
Elkem to Study Carbon Capture Opportunities with Aker Carbon Capture and Saipem Elkem's long term goal is to achieve carbon-neutral metal production. Currently, Elkem is conducting a feasibility study for the establishment of carbon capture at the Norwegian smelters. In connection with the feasibility study, Elkem has entered into agreements with two alternative technology providers: Aker Carbon Capture and Saipem. As a part of this work towards carbon-neutral materials production, Elkem is currently conducting a feasibility study for the establishment of carbon capture and storage (CCS). The purpose of the study is to assess the technical and economic feasibility of installing carbon capture at its Norwegian plants in Bjølvefossen, Bremanger, Rana, Salten and Thamshavn. The project has received financial support from Gassnova, the Norwegian state enterprise to further develop technologies, through the CLIMIT program. The findings from the study will be transferred to Elkem's plants outside Norway, including Elkem's ferrosilicon plant on Iceland. In connection with the study, Elkem has signed agreements with Aker Carbon Capture and Saipem. Together with these partners, Elkem will evaluate and study the different technological designs and solutions of a capture facility, facilities for liquefaction and upload of CO2 to transport ships from the Northern Lights project. The carbon capture study will be completed in the second quarter 2021. The independent Norwegian research organisation SINTEF and Norwegian consultancy corporation Norsk Energi will contribute as competence partners. 공시 • Feb 23
Saipem SpA to Report Fiscal Year 2020 Results on Feb 25, 2021 Saipem SpA announced that they will report fiscal year 2020 results at 7:00 AM, Central European Standard Time on Feb 25, 2021 공시 • Jan 28
Saipem SpA Awards Front-End Engineering Design Contract for the Development of the Downstream Saipem SpA has been awarded the Front-End Engineering Design ("FEED") contract for the development of the downstream (liquid natural gas and liquid helium processing facilities including the associated balance of plant).