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EU antitrust regulators said to open in-depth investigation into Saipem (SPM IM) and Subsea 7 merger plan
StockNow breaking-news AI analysis
EU and Australia have launched in-depth investigations into the Saipem-Subsea 7 merger. Despite Brazil's approval, major oil clients fear a combined 'Saipem7' will dominate the subsea market and increase costs.
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