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Saipem, Subsea 7 and Creating Offshore Energy Giant

Italy's Saipem, Norway's Subsea 7 to create energy services leader

Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal to create a leading global player in offshore energy services. The combined group, to be renamed Saipem7, will have an order backlog of 43 billion euros ($45 billion),

EconoTimes · 1d

Saipem and Subsea 7 Announce $4.63B Merger, Creating Offshore Energy Giant

Italian oil services firm Saipem (BIT:SPMI) and Norwegian competitor Subsea 7 (OL:SUBC) are merging in a $4.63 billion deal to form an offshore energy powerhouse. The announcement sent Subsea 7 shares soaring over 7%

GlobalData on MSN · 1d

Saipem and Subsea7 merge to form Saipem7

Saipem and its Norwegian rival did not disclose the financial terms of the deal, which, according to Reuters, is valued at around $4.63bn.

Upstream22h

Saipem-Subsea7 merger plan draws muted market reaction

Investors’ reaction to the proposed merger of Saipem and Subsea 7 has been very subdued — and negative in the case of the ...

Proposed Combination of Saipem and Subsea7

Saipem and Subsea7 announce that today they have reached an agreement in principle on the key terms of a possible merger of the two companies1 (the “Proposed Combination”) through the execution of a ...

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Saipem, Subsea 7 and Creating Offshore Energy Giant

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