Contracts and TendersEurope

Saipem to merge with Subsea7

By LNG Prime Staff
Saipem to merge with Subsea7
For illustration only (Image: Saipem)

According to a joint statement, Saipem and Subsea7 shareholders will own 50 percent each of the share capital of the combined company Saipem7. Subsea7 shareholders will receive 6.688 Saipem shares for each Subsea7 share held. The company will have a combined backlog of 43 billion euros ($45.2 billion), tevenue of about 20 billion euros, and…

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