The Italian firm Saipem, an Eni company, has completed the acquisition of Bouygues Construction's 50.8% stake in Bouygues Offshore and filed with the French market authorities to acquire the remaining shares held by the public

Pipeline & Gas Journal, Sept, 2002

The Italian firm Saipem, an Eni company, has completed the acquisition of Bouygues Construction's 50.8% stake in Bouygues Offshore and filed with the French market authorities to acquire the remaining shares held by the public. A cash offer was made last month to both French and U.S. shareholder's that will remain open fur 20 business days.