Energy
CADE and EC officials held meeting on Saipem/Subsea7 merger earlier this month
Officials at the European Commission (EC) and Brazilian antitrust authority CADE, who are reviewing the proposed merger between Italian energy services company Saipem and UK-headquartered Subsea7, held a conference call on 11 September to discuss […]
EC decision to pause Saipem/Subsea7 review as it awaits information not linked to potential remedy discussions, says source with knowledge of the case
The European Commission’s (EC) stop-the-clock on its Phase II investigation into the Italian energy services firm Saipem’s planned merger with UK-based peer Subsea7 is only due to a substantial request for information (RFI) from the […]
Tightening of French foreign investment rules for non-EU investors expected to have limited impact; EU FDI screening harmonisation poised to lengthen decision times and broaden review scope
Earlier this week, on 17 August, a new decree aimed at closing a technical loophole in the French foreign direct investment (FDI) screening regime came into effect. As per the announcement by French prime minister […]
Uniper sales process expected to finalise in first quarter of 2027, says source involved in the process
The ongoing process for the sale of the German federal government’s shareholding in energy company Uniper is unlikely to complete earlier than Q1 2027, according to a source involved in the matter. The source confirmed […]
Saipem/Subsea7’s in-depth EC merger review points to increased scrutiny of deals concerning European manufacturing industry’s critical supply input; merging parties working on response to RFIs
Energy services firms Saipem and Subsea7 are preparing their submission in response to the European Commission (EC) decision to launch an in-depth investigation into their planned tie-up, a source with knowledge of the case told […]
US regulator’s decision on Saipem/Subsea7 merger expected next week, says source with knowledge of the case; EC likely to launch in-depth probe into the deal
The US Department of Justice (DOJ) is due to decide on the acquisition of UK-headquartered energy services firm Subsea7 by Italian peer Saipem next week, a source with knowledge of the case told Equity Report. […]
At least one third party preparing to appeal CADE’s decision on Saipem/Subsea7 merger
At least one interested third party will appeal against last week’s clearance recommendation by Brazilian antitrust regulator CADE’s general superintendence for the proposed merger between energy services firms Saipem and Subsea7, Equity Report has l… […]
CADE’s general superintendence expected to recommend clearance of Saipem/Subsea7 merger by 25 June; third parties may appeal decision before tribunal, say sources involved in the case
The general superintendence ─ the lower body of Brazilian antitrust regulator CADE ─ is expected to decide on the proposed acquisition of energy services company Subsea7 by Italian peer Saipem as early as this week, […]
BP’s governance dispute could reignite takeover rumours
Oil and gas major BP’s recent governance controversies “could heighten speculation that BP could become more vulnerable to acquisition if investors conclude that strategic inconsistency and governance instability are suppressing the company’s valuati… To read […]
Australian competition sources cautiously positive about outcome of Saipem/Subsea7 ACCC merger review; Petrobras and ExxonMobil divided over appropriate remedies in Brazilian probe
The Australian Competition and Consumer Commission (ACCC) could clear the proposed merger between Italian energy services company Saipem and UK-based peer Subsea7 relatively quickly under the country’s new merger regime, with the deal appearing unlik… […]
