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Saipem, Veneto Banca capital raisings warming up in Italy

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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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