BRIEF-Saipem, ADES Sign Binding Sale Agreement For Shallow Water Drilling Activities In Saudi Arabia

ADES

ADES

2382.SA

0.00

June 24 (Reuters) - Saipem SpA SPMI.MI:

  • SIGNS BINDING AGREEMENT TO SELL SHALLOW WATER DRILLING ACTIVITIES IN SAUDI ARABIA TO ADES

  • DEAL VALUED AT $285 MILLION

  • DEAL EXPECTED TO CLOSE BY Q3 2026 SUBJECT TO CONDITIONS

  • POST-CLOSING, SAIPEM TO CONTINUE MEXICO OPERATIONS WITH PERRO NEGRO 10 RIG VIA BAREBOAT CHARTER

Further company coverage: SPMI.MI


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