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Saipem-Subsea7 merger cleared in Brazil, decision can be appealed

By Maria Júlia Baumert ( June 23, 2026, 21:56 GMT | Insight) -- Brazil’s antitrust agency has unconditionally cleared the merger between Saipem and Subsea7, saying the deal does not raise competition concerns in key subsea installation markets. The decision, issued by the agency’s Superintendence, is expected to be published Wednesday in the country’s Official Journal. Third parties including ABEP, Petrobras, Technip and ExxonMobil can still appeal the decision.Brazil’s competition agency has unconditionally cleared the merger between Saipem and Subsea7, saying that the deal does not raise competition concerns in key subsea installation markets. The decision, issued by the agency’s Superintendence, is expected to be published Wednesday in the country’s Official Journal. ...

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