By Maria Júlia Baumert ( October 30, 2026, 16:25 GMT | Insight) -- A vessel divestiture in the proposed Saipem-Subsea7 merger should focus on whether a buyer could and would operate the assets in Brazil, not just relocate the vessels, the Brazilian competition authority’s economics department said ahead of next week’s appeal ruling. Petrobras also sought to block the merger.A vessel divestiture in the proposed Saipem-Subsea7 merger should focus on whether a buyer could and would operate the assets in Brazil, not just relocate the vessels, the Brazilian competition authority’s economics department said ahead of next week’s appeal ruling. Petrobras also sought to block the merger.In a report requested by lead councilor Camila Cabral Pires Alves, CADE’s Department of Economic Studies, or DEE, said any remedy should factor in the vessels’ allocation history and whether a prospective buyer would have the ability and incentive to compete in Brazil....
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