Maire rises after unit wins gas, LNG contracts worth €110 million
BUZZ-Maire rises after unit wins gas, LNG contracts worth €110 million ** Shares in Italy's Maire MTCM.MI rise around 2% after the engineering company said subsidiary Tecnimont won gas and LNG contracts for about €110 million ($128 million)
** The contracts won by the Engineering & Construction unit include a large-scale gas monetization project in South America and a Front-End Engineering Design for an LNG plant in Asia
** Brokerage Equita says the contracts confirm Maire's "solid commercial momentum and its positioning in the gas/LNG segment"
($1 = 0.8581 euros)
(Reporting by Mirko Miorelli)
Recent news on Maire SpA
See all newsOil services firms face major cost pressure from Iran crisis, execs say
Brief: Maire CEO: No Constraints To Deliver Or Even Accelerate in Middle East Projects If Situation Doesn't Change
Maire's profit jumps as changes in logistic routes support Mideast operations
Brief: Maire 9M EBITDA At €414.3 Mln
Italy - Factors to watch on October 27