UniCredit cashes in on Saipem rally with private club sale
![Saipem 7000, the giant floating crane, near Stavanger, Norway](https://assets.euromoneydigital.com/dims4/default/b630046/2147483647/strip/true/crop/575x375+0+0/resize/840x548!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2F4c%2Fa5%2F7b822d2a47d0a01eca9b4e81c8d2%2Fsaipem-2023-alamy-575-375.jpg)
Bank was left long of stock after Saipem’s failed €2bn rights issue in July last year
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