💨 Abstract

Italy's Saipem and Norway's Subsea 7 have agreed to merge in an all-share deal, creating a leading European supplier of onshore and offshore energy services. The combined group, named Saipem7, will have a total order backlog of 43 billion euros, revenue of about 20 billion euros, and core earnings of over 2 billion euros.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖