Brazil Clears Offshore Merger With Ship Sale
7 Articles
7 Articles
The Court of the Administrative Council of Economic Defence (Cade) approved with restrictions the merger between Subsea7 and Saipem, two of the main global suppliers of engineering services and offshore installation for the oil, gas and energy industry. Companies will have to sell a boat for the operation to be approved by the antitrust body. The decision was unanimous. Petrobras, Exxon, Technip Brazil and the Brazilian Association of Companies …
Brasília – With great resistance from Petrobras, the Administrative Council of Economic Defense (Cade) approved, with restrictions, the fusion of the Italian Saipem with the British Subsea7. The operation formed a global giant, with combined revenue of about € 21 billion, in the sector of infrastructure services for the offshore oil and gas industry. [...] The post The approval of the Cade for an M&A in the oil and gas sector that displeased Pet…
The proposed operation concerns the OECD services sector (engineering, construction and offshore maintenance)
The Court of the Administrative Council of Economic Defense (Cade) approved on Wednesday, 4, the merger between the British Subsea7 and...
(Teleborsa) - Saipem announced that the Brazilian Conselho Administrativo de Defesa Economica (CADE) court approved the proposed merger between Saipem and Subsea7 for the creation of...
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