Finance
Saipem Says Deep Value Driller Deal Falls Through
Published by Global Banking & Finance Review®
Posted on February 25, 2026
1 min readLast updated: April 2, 2026
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Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on February 25, 2026
1 min readLast updated: April 2, 2026
Add as preferred source on GoogleSaipem said it cannot complete the planned purchase of Deep Value Driller AS's drilling unit after the seller chose another buyer. The group may take legal action and kept its 2026 financial guidance unchanged.
MILAN, Feb 25 (Reuters) - Italian energy servicer Saipem said on Wednesday it would not be able to complete the planned acquisition of the Deep Value Driller AS' drilling unit after the seller chose another buyer.
Saipem said it reserved the right to take any appropriate legal action to safeguard its interests and rights in any forum.
The Italian company added its 2026 financial guidance, announced late on Tuesday, remained unchanged.
(Reporting by Francesca Landini, editing by Gianluca Semeraro)
Saipem announced it cannot complete the planned acquisition of Deep Value Driller AS's drilling unit after the seller chose another buyer. The company is evaluating legal options and kept its 2026 outlook unchanged.
According to Saipem, the seller opted for a different buyer, preventing completion of the previously planned transaction. Saipem has reserved the right to take legal action.
No. Saipem stated that its 2026 financial guidance, disclosed the prior day, remains unchanged despite the failed transaction.
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