Italian oil field services company Saipem announced that its shareholders have approved its previously announced merger with Norwegian subsea contractor Subsea7. This merger was unanimously approved at an extraordinary shareholders' meeting by shareholders, representing 62.15% of the voting share capital. The proposed merger is anticipated to be completed in the second half (H2) of 2026. In July this year, Saipem and Subsea7 entered into a binding merger agreement, consistent with the memorandum of unde ...