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Saipem: new technical collapse on the stock market (-43%), closed unopted

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China: foreign trade on the rise despite Covid (ANSA)

(ANSA) – MILAN, JULY 13 – Another session of ‘technical’ collapse for Saipem on a day in which the unopted on the increase was also closed. The stock, also nervous today, with several suspensions in the volatility auction, recorded a decline of 43% to 1.10 euros.

The auction of unexercised rights for the 2 billion euro capital increase closed with subscriptions for 9.9% of the total offer. Overall, the offer of 95 new shares for each share held, for a total of 1.97 million shares and a consideration of approximately € 2 billion, received 79.9% subscriptions, of which approximately 44% from part of Eni and Cdp shareholders. The remaining 20.1% will be absorbed by the banks.

The outcome of the operation is expected on Friday. (HANDLE).

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Source: Ansa

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