12:17 PM EST, 11/04/2026 (MT Newswires) -- Brazil's Conselho Administrativo de Defesa Econômica approved Norway-listed energy services company Subsea 7's (SUBC.OL) planned merger with its Italian peer Saipem (SPM.MI) to form Saipem7. Subsea 7 and Saipem agreed to divest the Seven Borealis vessel to resolve competition concerns, according to a Wednesday release. The deal remains subject to compliance with the merger control agreement.

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