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    Bouygues confirms Saipem offer

    News // June 7, 2002
    French telecom, road and services conglomerate Bouygues SA has confirmed in a statement that it has received an offer from Italy 's Saipem for its 51 per cent stake in Bouygues Offshore.

    The offer values Bouygues Offshore at EUR1 billion, representing a premium of 25 per cent over last month's average trading price, Bouygues said.

    Saipem is offering EUR60 per Bouygues Offshore share.

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