Saipem rules out acquisition of Technip

News - December 1, 2006

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Saipem has issued a statement refuting rumours and press speculation about its alledged interest in acquiring rival Technip.

In a statement, Saipem said: "With reference to the recent market rumours in the press, following the request of the Italian Stock Exchange Authority, Saipem states that it is not planning to launch a bid on Technip."

 

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