Saipem, Subsea7 cleared to complete merger in US
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FILE PHOTO: Saipem's pipelay vessel Castorone sails in the Bosphorus on its way to the Black Sea, in Istanbul, Turkey July 5, 2022. REUTERS/Yoruk Isik/File Photo
July 31 (Reuters) - Saipem said on Friday that all applicable waiting periods under the U.S. Hart-Scott-Rodino antitrust law had expired for its planned merger with its Norwegian peer Subsea7.
The companies are now allowed to complete the transaction in the United States, although the merger remains subject to certain regulatory approvals outside the country, Saipem said.
(Reporting by Anna Peverieri in Barcelona; Editing by Louise Heavens)
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