Saipem sale sparks controversy as stock sinks after profit shock
An institutional investor this week offloaded €305m of stock in Italian oil services firm Saipem just one day ahead of a shock profit warning from the company and a crash in its share price. The sequence of events triggered regulatory investigations — and worries for the equity block trade market.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts