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Saipem, Veneto Banca capital raisings warming up in Italy

Several major Italian ECM deals are set to move forward in the next few weeks. Saipem, the oilfield services company, is likely to launch its €3.5bn rights issue the week after next. And Veneto Banca is set to announce in the next two or three weeks more detail of its €1bn capital increase and flotation, to be completed in April.

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