Eni boss does not rule out Saipem sale
NEW YORK – Italy’s Eni could in future think about selling its oil services subsidiary Saipem chief Executive Paolo Scaroni has said.
Speaking at a conference in New York, Scaroni said the sale of Saipem was not a priority but “we could think about it in the future,” Reuters reported.
The warning followed news in December of an investigation into alleged corruption in Algeria revolving around a series of contracts won by Saipem, of which Eni is a 43% owner.
On Thursday it emerged Scaroni’s home and office were being searched over a meeting he had with a key suspect in the bribery investigation, although the chief executive himself is not under suspicion.
Scaroni said recent developments had led Eni “to rethink its relationship” with Saipem.