Saipem-Subsea7 deal to be appealed to Brazil CADE Tribunal
By Flavia Fortes ( June 29, 2026, 16:14 GMT | Insight) -- A decision by the investigatory unit of the Brazilian competition authority to clear Saipem’s acquisition of Subsea7 will be appealed to the agency’s Tribunal, MLex has learned. A third interested party will contest the approval, which will get a second look by the Tribunal, if the appeal is accepted. The parties can't close the transaction while the appeal is pending. A decision by the investigatory unit of the Brazilian competition authority to clear Saipem’s acquisition of Subsea7 will be appealed to the agency’s Tribunal, MLex has learned....
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