MIL-OSI Europe: President Meloni’s statement on merger agreement between Saipem and Subsea 7

It is with great satisfaction that I welcome the news of a merger agreement between the Italian company Saipem and the Norwegian Subsea 7, an extremely important operation that will make it possible to create the world’s leading energy engineering company. The future group will be based in Italy and will combine the existing strengths of Saipem and Subsea 7, two highly complementary companies in terms of their geographic presence, skills and expertise, maritime fleets and technology. This agreement further demonstrates the robustness and vitality of the ‘Sistema Italia’ and the world-class economic operators, producers and industrial players that form part of it.

[Courtesy translation]