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Saipem

27 October 2015

€ 903 mln

12.5%

Saipem
Saipem

Sector: Engineering and Mechanics for Oil & Gas

Saipem ranks among the global leaders in the Oil & Gas sector in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, with distinctive competences in operations in harsh environments, remote areas and deepwater.

Saipem provides a full range of services with contracts on an “EPC” and/or “EPCI” (“turn-key”) basis. They have distinctive capabilities and unique assets with highest technological content.

Cdp Equity investment and objective

The investment is consistent with Cdp Equity’s objective to make medium-long term horizon investments in Italian global leaders.

In terms of indirect impact on the Italian employment, Saipem purchases about €1.8 bln from Italian suppliers and subcontracts about 1.7 mln working hours to Italian engineering companies, with a total estimated direct and indirect employment of approximately 22,500 employees.