A
Acquirer
Acquirer counsel
Freshfields
Ziyad NassifPartner
Luigi VergaPartner
5 lawyers involved
Rainmaker
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Freshfields advises Subsea7 and Clifford Chance advises Saipem on the proposed EU cross-border statutory merger of Subsea7 and Saipem to form Saipem7
Deal Overview
- Value
- $21bn
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Freshfields Overview
- Subsea7 is a subsea engineering, construction and services company for offshore energy projects and is listed on Euronext Oslo; it is combining with Saipem, an Italian engineering and construction company serving the energy and infrastructure sectors offshore and onshore and listed on Euronext Milan.
- The transaction is structured as an EU cross-border statutory merger, with Saipem and Subsea7 shareholders each owning 50% of the combined company at closing.
- The combined group will be renamed Saipem7 and listed in both Milan and Oslo; closing is targeted for the second half of 2026, subject to shareholder approvals at both companies and required regulatory clearances.
S
Seller
Seller counsel
Seller counsel not yet recorded