Saipem confirms €2.5 billion loss for 2021, but cheers investors with rights issue and renewal plan

Company stung by results of backlog review initiated in January

Reset: Saipem chief executive officer Francesco Caio wants to put a line under recent losses — Reset: Saipem chief executive officer Francesco Caio wants to put a line under recent lossesPhoto: SAIPEM

Mark Passwaters

Houston

Saipem Francesco Caio Eni Europe Western Europe

Published 25 March 2022, 19:30Updated 31 March 2022, 08:27