Saipem sells non core interest in GTT for 310 million euro
February 14, 2008; h 12:00
San Donato Milanese (Milan), 14 February 2008 Saipem, as part of its announced plan to dispose
of non core assets, reached an agreement with Hellman & Friedman to sell its 30% interest in the
company Gaztransport & Technigaz S.A. (GTT), for a total value of 310 million euro.
Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater. Saipem is a leader in the provision of engineering, procurement, project management and construction services with distinctive capabilities in the design and the execution of large scale offshore and onshore projects, and technological competences such as gas monetisation and heavy oil exploitation.
Saipem S.p.A., Via Martiri di Cefalonia, 67 - 20097 San Donato Milanese (MI), Italy
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