Brief: CADE Approves The Combination Of Subsea7 And Saipem
04/11/2026 15:21
BRIEF-CADE Approves The Combination Of Subsea7 And Saipem Nov 4 (Reuters) - Subsea 7 S.A. SUBC.OL:
CADE APPROVES THE COMBINATION OF SUBSEA7 AND SAIPEM
TRIBUNAL OF BRAZIL'S CONSELHO ADMINISTRATIVO DE DEFESA ECONÔMICA (CADE) APPROVES PROPOSED COMBINATION OF SUBSEA7, SAIPEM TO CREATE SAIPEM7
SUBSEA7 AND SAIPEM TO DIVEST SEVEN BOREALIS TO ADDRESS CADE COMPETITION CONCERNS
DIVESTITURE COMMITMENT INCLUDES PROVISIONS FOR CONTINUITY OF EXISTING PROJECT BACKLOG
DIVESTITURE NOT EXPECTED TO MATERIALLY AFFECT STRATEGIC RATIONALE; SYNERGIES CONFIRMED
SUBSEA7 AND SAIPEM REMAIN COMMITTED TO COMBINATION; WORKING TO SATISFY REMAINING CONDITIONS
Source text: ID:nGNE6y8Bbk
Further company coverage: SUBC.OL
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