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Subsea 7 ( (GB:0OGK) ) just unveiled an update.
Subsea7 S.A. has announced its Board of Directors’ decision to reimburse Siem Industries S.A. for legal costs related to the proposed merger with Saipem S.p.A., amounting to under $1 million. This reimbursement pertains to legal work associated with the Shareholders’ Agreement and ongoing anti-trust processes. The merger, supported by key stakeholders like Eni S.p.A. and CDP Equity S.p.A., aims to ensure balanced leadership and governance, aligning with the interests of Subsea7 and its shareholders.
The most recent analyst rating on (GB:0OGK) stock is a Buy with a NOK240.00 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 providing efficient offshore solutions. The company is listed on the Oslo Børs and aims to create sustainable value as a preferred partner and employer in the industry.
Average Trading Volume: 321,259
Current Market Cap: NOK58.35B
For a thorough assessment of 0OGK stock, go to TipRanks’ Stock Analysis page.