Latham & Watkins represented Eni S.p.A. on the sale, through an accelerated bookbuilding, of 199,556,000 ordinary shares of Saipem S.p.A. representing approximately 10% of the share capital, at a selling price of €1.970 per share, for total proceeds of approximately €393 million.
The placement, sold to institutional investors, was executed by a consortium of banks consisting of Citigroup, Goldman Sachs International, Intesa Sanpaolo, Natixis, and UniCredit acting as Joint Global Coordinators and Joint Bookrunners.
Latham advised Eni on US law matters with a corporate team led by partners Ryan Benedict and Antonio Coletti with counsel Guido Bartolomei and capital markets lawyer Irene Pistotnik.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.
