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Saipem sells non core interest in Gaztransport & Technigaz

Saipem, an Italian contractor for the international oil and gas industry, reached an agreement with Hellman & Friedman to sell its 30% interest in the company Gaztransport & Technigaz S.A. ("GTT"), for a total value of 310 million euro.

Saipem, 43% owned by Eni, is organised in three Business Units: Offshore, Onshore and Drilling, with a strong bias towards oil & gas related activities in remote areas and deepwater.



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