Subsea7 to Merge With Saipem, Create Offshore Energy Services Giant [Yahoo! Finance]

ENI S.p.A. (E)
US:NYSE Investor Relations:
eni.com/en_it/investors.page
Company Research
Source: Yahoo! Finance
merger with Saipem S.p.A, an Italian oilfield services firm. The agreement has been reached in principle via a Memorandum of Understanding (MoU). The MoU has been signed by Siem Industries, a key shareholder of Subsea7, and CDP Equity and Eni S.p.A, reference shareholders of Saipem. Per Reuters, Eni had engaged in discussions about a possible collaboration with Subsea7 years ago. However, the companies could not reach an agreement back then. By signing the MoU, these key shareholders demonstrate their support for the deal. The combined entity shall be listed on the Milan as well as the Oslo stock exchange. Shareholder Impact & Dividend Distribution The proposed merger deal is anticipated to create a leading player in the global e
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E
Analyst Actions
- 4/25/25 - Citigroup Inc.
E
Sec Filings
- 4/24/25 - Form 6-K
- 4/11/25 - Form 6-K
- 4/4/25 - Form 6-K
- E's page on the SEC website