Saipem-Subsea7 merger review assigned to Councilor Alves in Brazil
( July 14, 2026, 12:31 GMT | Official Statement) -- MLex Summary: The Brazilian competition authority has assigned, via draw, the proposed merger between Saipem and Subsea7 to Councilor Camila Cabral Pires Alves after Petrobras and oil producers' association ABEP appealed the antitrust investigatory unit's decision approving the transaction without remedies. The assignment was formalized in minutes of the 102nd Extraordinary Distribution Session. With the appeal, the review moves to the agency's Tribunal under Alves' lead.Statement follows below in Portuguese:...
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