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Clarifications on market shares requested in Brazil's Subsea7–Saipem merger review

( November 3, 2025, 20:19 GMT | Official Statement) -- MLex Summary: Brazil’s competition authority has requested additional information from Subsea7 and Saipem as part of its merger review. The agency asked for clarifications regarding the offshore engineering, construction, and maintenance (OECM) services market, with particular attention to the SURF segment. The authority seeks details on market share structures between 2020 and 2024 presented by the parties, the scope of products and services considered in the market definition, any SURF-related transactions between the parties over the past five years, and technical information on the installation of SURF components using specialized vessels. The response is due by Nov. 7, with a daily fine applicable in case of unjustified delay.Statement follows below in Portuguese:...

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