Italy's Saipem and its Norwegian rival Subsea7 announced on Thursday a merger to form a leading global player in offshore ...

Subsea 7 has posted strong results in the second quarter, with most of its financial measurements superior to the same period ...

The merger aims to benefit clients by leveraging a global reach across more than 60 countries, a diversified fleet and a ...

Saipem signed a binding merger deal to acquire Subsea7 and thereafter rebrand into Saipem7, which would operate 'a full ...

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Subsea 7 ( ($GB:0OGK) ) just unveiled an announcement. Subsea 7 has announced an extraordinary general meeting (EGM) to discuss a proposed merger ...

The new company, to be named Saipem7, is expected to generate $24.7bn in revenues and an order backlog worth $50.6bn ...

Subsea 7 S.A. (OTCPK:SUBCY) is getting merged with Saipem SpA (OTCPK:SAPMF), a pretty similar business though with more onshore EPC activities and also some EPC for other infra projects in the mix.

Alessandro Puliti, Saipem's Chief Executive, said in a press conference that the strategic rationale for combining Subsea 7 and Saipem fleets is to better serve customers, faster, and with lower ...

As mentioned, Saipem had a lower multiple at the moment when the merger between them and Subsea 7 was announced. However, the merger stipulated that the merged company would be owned 50:50 by each ...