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Saipem SpA (SPMI.MI)

SPMI.MI on Milan Stock Exchange

3.77EUR
5:34pm IST
Change (% chg)

€0.06 (+1.54%)
Prev Close
€3.71
Open
€3.75
Day's High
€3.81
Day's Low
€3.72
Volume
2,710,122
Avg. Vol
11,720,954
52-wk High
€4.19
52-wk Low
€2.94

Latest Key Developments (Source: Significant Developments)

Saipem onshore drilling could be candidate to tie up with other operators - CEO
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Saipem CEO Stefano Cao says::ONSHORE DRILLING BUSINESS COULD BE CANDIDATE FOR COMBINATION WITH OTHER OPERATORS IN THE SECTOR.  Full Article

Saipem CEO says Subsea 7 bid sign of consolidation, needs montitoring
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Saipem CEO Stefano Cao says::SUBSEA 7 BID ON MCDERMOTT IS SIGN OF CONSOLIDATION OF SECTOR THAT "NEEDS TO BE MONITORED CAREFULLY".  Full Article

Saipem says regulator launches procedure over alleged irregularities in 2016 cash call docs
Sunday, 8 Apr 2018 

April 8 (Reuters) - Saipem says::ITALIAN MARKET REGULATOR HAS LAUNCHED AN ADMINISTRATIVE PROCEDURE AGAINST BOARD, CFO AT THE TIME OVER ALLEGED IRREGULARITIES IN 2016 CASH CALL PROSPECTUS.IF PROVEN, REGULATOR'S ADMINISTRATIVE PROCEDURE COULD RESULT IN FINES OF BETWEEN 5,000-500,000 EUROS.REITERATES IT AND ITS EXECUTIVES HAD ALWAYS ACTED PROPERLY, WILL REPLY TO REGULATOR'S ALLEGATIONS IN A TIMELY MANNER.  Full Article

Saipem not considering any breakup - CEO
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Saipem CEO Stefano Cao says in a conference call::not considering any breakup of group.at moment "not discussing issue of dividend".expects decision on arbitration with Gazprom over the South Stream project by end 2018, but is open to compromise in the meantime.  Full Article

Saipem shares fall 5 pct after guidance cut
Thursday, 28 Jul 2016 

Saipem: Shares in the Italian oil contractor fall more than 5 percent after it lowered its guidance . Saipem cut its guidance for the year on Wednesday, saying clients hit by low oil prices were delaying the awarding of contracts.[nL8N1AD7MU] Further company coverage: [SPMI.MI] (Reporting by Milan newsroom).  Full Article

Italy - Factors to watch on June 4

The following factors could affect Italian markets on Monday.