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Subsea 7 Announces EGM for Merger with Saipem and Dividend Proposals

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Subsea 7 Announces EGM for Merger with Saipem and Dividend Proposals

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Subsea 7 ( (GB:0OGK) ) just unveiled an announcement.

Subsea 7 has announced an extraordinary general meeting (EGM) to discuss a proposed merger with Saipem SpA. The meeting will also address the distribution of dividends related to the merger, with a EUR450m dividend contingent on the merger’s completion, and a special EUR105m dividend linked to a business divestment.

The most recent analyst rating on (GB:0OGK) stock is a Buy with a NOK270.00 price target. To see the full list of analyst forecasts on Subsea 7 stock, see the GB:0OGK Stock Forecast page.

More about Subsea 7

Subsea7 is a global leader in delivering offshore projects and services for the energy industry, focusing on sustainable value and efficient offshore solutions. It is listed on the Oslo Børs.

Average Trading Volume: 383,514

Current Market Cap: NOK58.89B

For detailed information about 0OGK stock, go to TipRanks’ Stock Analysis page.

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