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The latest update is out from Subsea 7 ( (GB:0OGK) ).
Saipem and Subsea7 have agreed on key terms for a potential merger, forming a new entity named Saipem7. This merger aims to create a global leader in energy services with a combined revenue of EUR 20 billion and significant synergies expected in the third year post-completion. The transaction is anticipated to enhance shareholder value, optimize capital investment, and expand the company’s global reach, with completion expected in the second half of 2026.
More about Subsea 7
Subsea7 operates in the energy services industry, specializing in offshore and onshore services, including drilling, engineering, construction, and decommissioning. The company focuses on providing comprehensive solutions for projects in oil, gas, carbon capture, and renewable energy markets across the globe.
YTD Price Performance: 2.11%
Average Trading Volume: 37,069
Technical Sentiment Consensus Rating: Sell
Current Market Cap: NOK53.71B
For an in-depth examination of 0OGK stock, go to TipRanks’ Stock Analysis page.
