JPMorgan, Goldman selling 700 million Saipem shares: traders

March 7, 2016 5:29 PM

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JPMorgan, Goldman selling 700 million Saipem shares: traders

MILAN JPMorgan (JP.N) and Goldman Sachs are leading the sale of 700 million shares in Italian oil contractor Saipem (SPMI.MI), two traders said on Monday.

One of the traders said the shares were being sold at a discount at 0.3875 euros each. Saipem shares closed up 7.2 percent on Monday at 0.4258 euros.

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