Italy's Saipem wins $4 bln E&C contracts, shares rise
MILAN May 7 (Reuters) - Italian oil services group Saipem said on Wednesday it had won four new engineering and construction contracts in Saudi Arabia and Brazil worth $4 billion in total.
Shares in Saipem rose on the news of the contracts. By 0823 GMT they were 0.6 percent higher, outperforming a 0.8 fall in Italy's blue-chip stock index.
(Reporting by Valentina Za and Massimo Gaia; Editing by Lisa Jucca)
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