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Saipem, Subsea 7 and Energy Services

Hosted on MSN · 23h

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%

Bloomberg L.P. · 1d

Saipem, Subsea7 to Combine in New Energy Services Deal

Energy services and drilling specialists Saipem SpA and Subsea7 SA agreed to combine their businesses as consolidation in the sector picks up after years of sluggish activity.

GlobalData on MSN1d

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 ...

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 ...

Saipem and Subsea7 marry: a 20 billion euro giant is born. The role of Eni and Cdp

Eni, Cdp Equity and Siem Industries, a partner of Subsea7, have signed a memorandum of understanding that includes the ...

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