MILAN (Reuters) – Italian service group Saipem held a board meeting on Tuesday to discuss the company’s situation after a shock profit warning left leading shareholders scrambling to find a way to bolster its finances, a source close to the matter told Reuters. The company, controlled by energy group Eni and state lender Cassa Depositi e Prestiti (CDP), warned on Monday it expected to post a 2021 loss of more than one-third of the company’s equity and could need funding.
(Reporting by Stephen Jewkes, writing by Gianluca Semeraro, editing by Cristina Carlevaro)
