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

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.

Related Posts