Saipem-Subsea7 draws in-depth EU probe over underwater infrastructure market
( July 22, 2026, 15:04 GMT | Official Statement) -- MLex Summary: The European Commission has opened an in-depth inquiry into plans by Saipem and Subsea7 to merge. The EU's merger regulator said the deal would combine two of the three leading providers and installers of pipes and cables connecting offshore oil and gas production sites. The deal could lead to higher prices and coordinated effects, the commission said.The statement follows....
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