Eiffage in negotiations to take over Saipem’s maritime works activities

Civil engineering construction firm Eiffage has entered into exclusive negotiations with a view to acquire Saipem’s maritime works activities, the French company said in a statement.

Saipem’s maritime works business clocked up nearly EUR100m of revenues last year and around 110 employees would be integrated into Eiffage as part of the deal.

Eiffage is a one of France’s leading construction companies with revenues of €14bn in 2016.

Nicola Capuzzo

Nicola is a highly qualified journalist focused on transport economics, logistics and shipping with broad experience in both online and printed media. Specialties: shipping, ship finance, banking, commodities and port economics. He regularly interviews Europe's top shipowner executives for Maritime CEO magazine.
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