Eni Sells Saipem Stake to Italy's FSI to Reduce Debt Burden

  • Italian energy producer sells 12.5% of oil-services company
  • Eni to recoup 6.5 billion euros from transaction with fund

Eni SpA agreed to sell a stake in oil-services company Saipem SpA to Fondo Strategico Italiano SpA in an effort to get its debt off the balance sheet.

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