European stock markets are in the red after a positive start. In Milan, banking sector stocks were generally in the red. Eyes also on Saipem
European stock markets are in the red after a positive start. In Milan, banking sector stocks were generally in the red. Attention is also turning to Saipem, which announced two new contracts.
At 12.00 The FTSEMib index lost 0.94% to 27,891 points While total shares decreased by 0.91%. In the same line are the medium cap (-0.67%) and the star (-0.55%).
increasing Saipem (+0.58%), which signed two new contracts for marine activities in Ivory Coast and Italy with a total value of 850 million euros. the First decade It was completed with Eni Côte d’Ivoire and its partner Petroci and installation work will take place in 2024. The second decade Saipem, through a temporary combination of companies with Rosetti Marino and Micoperi, has been appointed by Snam Rete Gas to build systems for a new storage and reconversion vessel (FSRU) which will be located in the Adriatic Sea off the coast of Rafina.
in red Eni (-0.99%), which resulted in the offering of unsecured convertible senior bonds, characterized by the structure associated with sustainability. The bonds, with a total nominal value of around 1 billion euros, will be convertible into ordinary shares of Eni listed on the Euronext Milan stock exchange. The conversion price will be €17.5513, which represents a 20% premium. The bond will have a term of 7 years, will be issued at a price equal to 100% of its face value, and will pay an annual coupon of 2.95%. The bonds were offered to qualified investors and received orders worth around €2.8 billion, mostly from the UK, France and Switzerland.
increasing We build (-0.33%), which, through its Australian subsidiary Clough, was awarded a contract worth 420 million Australian dollars for the project Building a ship crane in Darwin Harbour. The ship bridge will serve the Ministry of Defense, in addition to the movement of commercial and private vessels in the fishing, oil, gas and marine industries sectors. Clov It participates in the project with a 50% share, in a joint venture with the Australian company BMD, which owns the remaining 50%.
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