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Latham & Watkins Advises Eni S.p.A. on the Sale of 10% of the Share Capital of Saipem S.p.A.

June 17, 2024
A corporate team advised the selling shareholder on US capital markets matters.

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.