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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Saipem Spa | BIT:SPM | Italy | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.097 | -4.17% | 2.228 | 2.227 | 2.26 | 2.362 | 2.238 | 2.31 | 44,868,347 | 17:00:00 |
From Jul 2019 to Jul 2024
By Sarah Sloat
FRANKFURT--German Steel maker Salzgitter AG (SZG.XE) said Thursday that its pipe-making joint venture has received notification from South Stream Transport BV to halt production of steel tubes for the South Stream pipeline through Jan. 1, but the notification isn't the end of the project.
The joint venture with Dillinger Huettenwerke, Europipe GmbH, expects to receive more information on the suspension by January.
Russian President Vladimir Putin threw the pipeline--meant to carry natural gas from Russia to Europe--into doubt earlier in December. Italian oil services company Saipem SpA (SPM.MI) received a similar notice earlier in December.
Up until now, production has gone according to plan, Salzgitter said. The standstill, customary for the public holidays over Christmas, had in any case been factored into the plans, it said.
Write to Sarah Sloat at sarah.sloat@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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