×

Saipem, Subsea7 cleared to complete merger in US

By Thomson Reuters Jul 31, 2026 | 12:31 PM

July 31 (Reuters) – Saipem said on Friday ​that ‌all applicable waiting periods under the ‌U.S. ​Hart-Scott-Rodino ⁠antitrust law ⁠had expired for its planned merger with ​its Norwegian peer ⁠Subsea7.

The ⁠companies are ​now allowed ​to complete the ‌transaction in the United States, ⁠although the merger remains subject to ⁠certain ‌regulatory ⁠approvals outside ​the ‌country, Saipem ​said.

(Reporting by ⁠Anna Peverieri in Barcelona; Editing by Louise ​Heavens)