Saipem, dismissed appeals against conviction for GNL3 Arzew affair

Saipem in 2021 maxi loss of 246 billion Capital increase

(Tiper Stock Exchange) – SaipemSaipem Contracting Alge’rie and Snamprogetti Algeria Branch “reserve the right to challenge the decision of the Algerian Supreme Court in any competent court”.

Saipem itself made it known – in a note – in which it reports the decision of the Algerian Supreme Court which ruled in the context of the criminal proceeding relating to the LNG3 Arzew project, “rejecting the grounds of appeal presented by all the appellants against the decision of the Court of Appeal of Algiers issued on 28 June 2022”.

In particular – explains the company – “on today’s date, Saipem, Saipem Contracting Alge’rie and Snamprogetti Algeria Branch received notification of the decision through their local lawyers”.

It should be recalled that the Italian judicial authority, following a criminal proceeding in which the procedures for assigning the GNL3 Arzew project in 2008 were also analysed, issued a definitive acquittal sentence on 14 December 2020.

tlb-finance