Saipem, Subsea 7 deal faces EU antitrust investigation, sources say

EU antitrust regulators plan to launch a full-scale investigation into Saipem’s merger with Subsea 7 over competition concerns. The step increases regulatory overhang for the deal, which could delay or reshape the transaction terms. Overall impact is likely meaningful for investor confidence in the merger timeline.

Analysis

EU antitrust regulators plan to launch a full-scale investigation into Saipem’s merger with Subsea 7 over competition concerns. The step increases regulatory overhang for the deal, which could delay or reshape the transaction terms. Overall impact is likely meaningful for investor confidence in the merger timeline.