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European Commission Pauses Phase II Review of Saipem–Subsea7 Merger

Saipem logoSaipem
Sig3.70Sen+2.05Env0.00Soc0.00Gov+1.10
Subsea 7 logoSubsea 7
Sig3.12Sen-2.05Env0.00Soc0.00Gov-0.90

The European Commission has paused its Phase II antitrust investigation into the proposed merger of Saipem and Subsea7, effective 25 August 2026, with the timetable set to restart only when it considers outstanding information complete. The Commission had opened an in-depth review on 22 July over doubts about compatibility in the SURF market. An extended Phase II deadline of 16 December may slip into early 2027.

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