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Saipem, Subsea 7 and Creating Offshore Energy Giant

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

Italy's Saipem has agreed to merge with Norwegian rival Subsea 7 in an all-share deal that will create a leading European supplier of onshore and offshore energy services, the two companies said late on Sunday.

EconoTimes · 17h

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 · 17h

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.

Upstream16h

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 ...

Subsea 7 (SUBCY) versus Its Peers Critical Review

Subsea 7 (OTC:SUBCY – Get Free Report) is one of 34 public companies in the “Oil & gas field services, not elsewhere classified” industry, but how does it compare to its competitors? We will compare ...

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Saipem, Subsea 7 and Creating Offshore Energy Giant

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