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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 · 15h

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 · 15h

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.

TradeWinds16h

Kristian Siem-backed Subsea 7 looks to combine with Saipem

The Kristian Siem-backed, Oslo-listed offshore vessel owner and the Italian oil engineering outfit on Sunday announced a merger that will see Saipem issue Subsea 7 shareholders approximately €4.7bn ...

Upstream14h

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 ...

worldenergynews.com11h

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

Saipem, an Italian company, has agreed to merge its Norwegian competitor Subsea 7 into a global leader in offshore energy services.

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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