Saipem/Subsea7: Merger Headed to Phase 2, Sources Say

The proposed $4.6 billion merger between Saipem (SPM) and Subsea7 (SUBC) could be headed for a phase 2 investigation following a state of play meeting this week, during which the European Commission outlined competition concerns and discussed the potential need for remedies, according to sources close to the matter

Published on Jul 10, 2026

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