
Saipem-Subsea 7 Merger Enters EU Phase II Investigation
The European Commission has opened a Phase II investigation into the proposed EUR 21 billion Saipem-Subsea 7 merger over competition concerns in the market for SURF services.

The European Commission has opened a Phase II investigation into the proposed EUR 21 billion Saipem-Subsea 7 merger over competition concerns in the market for SURF services.

The ACCC has moved Saipem and Subsea7’s proposed merger to a Phase 2 review, citing possible competition concerns in subsea infrastructure services for Australian offshore oil and gas projects.
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