Saipem: No Financial Impact from Decision Over Seizure

Oil contractor Saipem said confirmation of a seizure order on the company on Thursday in a judicial case related to alleged international corruption would have no financial impact.

An Italian appeals court said on Thursday it had upheld a 24.5 million euros seizure order against Saipem in a case related to alleged corruption in Nigeria.

In a statement Saipem, which is 43 percent owned by Eni , said it would lodge an appeal against Thursday's ruling.

Reporting by Danilo Masoni