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Saipem, Subsea7

Hosted on MSN · 1d

Italy’s Saipem to Merge With Norwegian Rival Subsea7 in $4.9 Billion Deal

Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 creating a company focused on drilling, engineering and construction.

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.

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.

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 ...

20hon MSN

Energy & Utilities Roundup: Market Talk

Find insight on the proposed merger of Saipem and Subsea7and more in the latest Market Talks covering energy and utilities.

4d

Kepler Capital Sticks to Their Hold Rating for Saipem SpA (SPEA)

Kepler Capital analyst Kevin Roger maintained a Hold rating on Saipem SpA (SPEA – Research Report) on February 19 and set a price target of ...

Petrobras eyes major shift in subsea contracting strategy to ‘break’ market dynamics

In recent years, Petrobras has been resorting to awarding engineering, procurement, construction and installation (EPCI) ...

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