People's Bank of China adds Saipem Stake
The People's Bank of China owned 2.027 percent of Italian oil services group Saipem as of Dec. 18, a filing published by market watchdog Consob showed on Tuesday.
China's central bank has made a string of large investments in blue-chip Italian companies this year buying stakes of around 2 percent in car maker Fiat Chrysler Automobiles, former telecoms incumbent Telecom Italia and cable maker Prysmian.
Reporting by Francesca Landini
