CADE clears Subsea7–Saipem merger, but the debate goes beyond the approval

The offshore engineering market continues to consolidate, but the debate surrounding competition is far from over. Brazil's Administrative Council for Economic Defense (CADE) has approved, without restrictions, the proposed merger between Subsea7 and Saipem, removing one of the final regulatory hurdles for the creation of what will become one of the world's largest offshore engineering […]