Eni plans to sell Saipem stake

Italian oil and gas group Eni is working with Credit Suisse bankers to explore options for the sale of its stake in oil service company Saipem

A source close to the matter said a Chinese oil company had in the past made overtures to buy the whole of Saipem but had been rebuffed.

Bankers said it would make a lot of sense for energy-hungry China to buy an oil services company like Saipem to get its hands on key deep water drilling skills.

http://www.upstreamonline.com/live/1382517/Eni-plans-to-sell-Saipem-stake

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