UK competition watchdog to probe Subsea 7-Saipem merger

Industry:    2 months ago

Britain’s competition regulator said on Tuesday it has started a probe into the merger between Norway’s Subsea 7 and Italy’s Saipem for probable competition concerns in the energy services sector.

The phase 1 investigation into the all-share deal, that will form a leading global player in offshore energy services, has a deadline of November 25, the Competition and Markets Authority said.

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