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5 November 2026
Brazil approves Saipem-Subsea 7 merger on condition of vessel sale
Brazil’s competition watchdog CADE has given conditional approval to the proposed merger between Italian offshore engineering giant Saipem and Norway’s Subsea 7, requiring the companies to sell a specialised pipelay vessel to address competition concerns. The Brazilian regulator approved the combination, which will create Saipem7, after the companies agreed to divest the Seven Borealis, a …
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