Italy’s engineering, drilling, and construction services giant Saipem and the Luxembourg-domiciled Subsea7 have made progress in advancing their proposed business combination with a U.S. antitrust milestone; however, the merger’s fate remains uncertain pending the review of potential offshore market concentration issues in the European Union (EU).
The post Saipem’s merger with Subsea7 clears crucial US antitrust hurdle appeared first on Offshore Energy.