IFLR1000

Saipem €3.5 billion share capital increase

23/2/2016
Share offer
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€ 3.5 billion

$ 3.768 billion

Completed

23/2/2016

Overview:

  • Saipem has undertaken a €3.5 billion share capital increase.
  • The deal consisted of an issue of new shares to existing shareholders and a private placement to institutional investors.
  • JPMorgan and Goldman Sachs acted as joint global coordinators, Banca IMI, Citigroup, Deutsche Bank, Mediobanca and UniCredit acted as bookrunners.

Sam Duke - Editor

Jurisdiction:

Italy

Deal type:

Share offer

Practice area:

Capital markets : Equity

Industry sector:

Oil and gas

Firms:
Chiomenti

Party: Saipem (Issuer)

Lawyers: Giorgio Cappelli, Manfredi Vianini Tolomei, Marco Maugeri, Michele Carpinelli (retired)

Clifford Chance

Party: Goldman Sachs (Global coordinator, Bookrunner)

Party: JPMorgan Chase (Global coordinator, Bookrunner)

Party: Banca IMI (Bookrunner)

Party: Citigroup (Bookrunner)

Party: Deutsche Bank AG Na ON (Bookrunner)

Party: Mediobanca (Bookrunner)

Party: Unicredit (Bookrunner)

Party: HSBC (Lead manager)

Party: BNP Paribas (Lead manager)

Party: ABN Amro (Lead manager)

Party: DNB Bank (Lead manager)

Lawyer: Filippo Emanuele

White & Case

Party: Saipem (Issuer)

Lawyers: Ferigo Foscari, Michael Immordino

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