Saipem finalising bank pool for cash call and debt - sources
October 02, 2015 at 08:41 AM EDT
MILAN, Oct 2 (Reuters) - Italy's Saipem is in the process of finalising a banking consortium to put the troubled oil contractor on a solid financial footing and run a cash call of more than 3 billion euros ($3.4 billion) as it gears up to unveil a crunch turnaround plan, people close to the deal said.