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Dodge & Cox bumps up stake in Saipem
2015年5月14日 / 早上6点54分 / 2 年前

Dodge & Cox bumps up stake in Saipem

MILAN, May 14 (Reuters) - U.S. investment company Dodge & Cox has raised its stake in Italy’s Saipem to strengthen its position as the oil service company’s No. 2 shareholder, according to filings.

The investment firm bought shares worth 9.135 mln euros between April 2-30, the filings said, the equivalent of around 0.21 percent of the company.

In early March, Dodge & Cox doubled its stake in Saipem to 10.4 percent, and then bought a further 1.48 percent in the period March 11-27.

Saipem is 43 percent controlled by oil major Eni which is looking to sell down its stake in its subsidiary.

Reporting by Stephen Jewkes

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