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Saipem Signs Joint Venture with Nigeria's Dangote Group

Source: Reuters 4/1/2015, Location: Africa

Saipem had signed a joint venture with Nigeria-based Dangote Group to develop business in central and west Africa.

The news confirms a Reuters report in March saying Saipem was close to signing a joint venture with a leading Nigerian company.

"This new partnership confirms the shared commitment of the two groups to both the Nigerian market and sub-Saharan Africa more widely," Saipem said in a statement.

Saipem is 43 percent controlled by Italian oil major Eni .

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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