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Image header Agence Europe
Europe Daily Bulletin No. 8211
Contents Publication in full By article 34 / 42
ECONOMIC INTERPENETRATION / (eu) petrochemicals services

Italy's oilfield equipment specialist SAIPEM (part of ENI group) has signed an exclusive agreement with France's BOUYGUES CONSTRUCTION to buy up 51% of its subsidiary BOUYGUES OFFSHORE. At EUR 60 a share, SAIPEM's bid will be followed by a public offering for the remaining 49% of BOUYGUES OFFSHORE, valuing the company at EUR 1.02 bn and leading to the formation of a new heavyweight in the petrochemicals services sector with an annual turnover of EUR 3 bn.

Contents

A LOOK BEHIND THE NEWS
THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION