Finance
Saipem CEO does not see regulatory risks for merger with Subsea7
Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on October 1, 2025
1 min readLast updated: January 21, 2026
Saipem's CEO is confident there are no regulatory risks for the merger with Subsea7, despite antitrust concerns in Brazil. The merger aims to improve global offerings.
MILAN (Reuters) -Saipem does not see regulatory risks for its planned merger with Norwegian rival Subsea7, the CEO of the Italian energy contractor said on Wednesday, shrugging off concerns about potential hurdles in the Brazilian market.
"We firmly believe that there is no reduction in competition, but rather a better offering, and that the creation of a group (with Subsea7) will greatly benefit our customers around the world," Saipem's Alessandro Puliti said, speaking at the Energy Summit conference in Milan.
Exxon Mobil, Brazilian state-run Petrobras and oil services provider TechnipFMC petitioned Brazil's antitrust regulator CADE to intervene in the Saipem-Subsea7 merger, public documents seen by Reuters showed.
(Reporting by Francesca Landini, editing by Gavin Jones)
A merger is a business strategy where two companies combine to form a single entity, often to enhance competitiveness, increase market share, or achieve operational efficiencies.
Regulatory risk refers to the potential for a company to face legal penalties or operational challenges due to changes in laws or regulations that affect its business operations.
Antitrust regulation is a set of laws designed to promote competition and prevent monopolistic practices in the market, ensuring that consumers have choices and fair prices.
Explore more articles in the Finance category
