08:32 AM EST, 11/05/2026 (MT Newswires) -- Subsea 7 (SUBC.OL) agreed to sell its heavy transportation business, through its subsidiary Seaway7, to United Arab Emirates-based offshore marine services company HEA Energy for an undisclosed cash consideration. The sale forms part of the Oslo-listed offshore energy services company's merger agreement with Italian peer Saipem (SPM.MI), according to a Thursday release. It will also trigger a special dividend of 105 million euros, payable when the sale closes or the day before the merger with Saipem takes effect. The transaction, which includes six open deck semi-submersible heavy transportation vessels, is set to close in the first half of 2027, subject to conditions and regulatory approvals.

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