Saipem strengthens its drilling fleet, buys Santorini

Saipem in 2021 maxi loss of 246 billion Capital increase

(Tiper Stock Exchange) – Saipem exercised the purchase option relating to the seventh generation drillship Santoriniwhich is already operating in the Saipem fleet on the basis of a long-term charter agreement signed in 2021 with Samsung Heavy Industries.

The exercise price of the call option is equal to 230 million dollars, to be paid by the end of 2022.

The investment in Santorini will be financed entirely with available cash.

Guidance on the level of the net financial position of approximately €300 million (post IFRS 16) at the end of 2022 confirmed.

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