Italy's Saipem reinstates dividend

Saipem Merger Works Out Favorably For Subsea 7 Shareholders
Explore the Subsea 7 S.A. and Saipem SpA merger offering cost synergies, better vessel utilization, and strong shareholder value. Click for more on SUBCY and SAPMF.
Italy's Saipem reinstates dividend ahead of merger with Subsea 7
Italian energy contractor Saipem , which has agreed to merge with Norwegian rival Subsea 7 , said on Tuesday it would resume paying a dividend after a four-year break.
Italy’s Saipem to Merge With Norwegian Rival Subsea7 in $4.9 Billion Deal
Italian energy-services provider Saipem will merge with Norwegian rival Subsea7 creating a company focused on drilling, engineering and construction.
Saipem and Subsea7 to merge in $4.6 billion deal
Italian offshore services firm Saipem plans to merge with Norwegian rival Subsea7 in an all-share deal valued at $4.6 million, the companies announced. The combined company, to be named Saipem7, would
Saipem says fleet expansion is driving Subsea 7 merger
The rationale for a merger between Italy's Saipem and Norway's Subsea 7 is to combine the fleets of the two energy services companies to service customers quicker and cut costs, the CEO of the Italian group said on Wednesday.
Saipem and Subsea7 merge to form Saipem7
Saipem and its Norwegian rival did not disclose the financial terms of the deal, which, according to Reuters, is valued at around $4.63bn.
Saipem upgraded to Buy from Hold at Kepler Cheuvreux
Kepler Cheuvreux upgraded Saipem (SAPMY) to Buy from Hold with a price target of EUR 3.40, up from EUR 3. The firm sees less earnings risk post ...
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Saipem reveals latest on drilling challenges at delay-hit offshore wind farm
Saipem has overcome problems that delayed installation of the first monopile socket by months at EDF-led Calvados/Courseulles ...
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Saipem targeting $52.4 billion-worth of orders under 2025-2028 strategic plan
Saipem in 2024 was awarded new contracts totalling a record €18.812 billion versus €17.659 billion in the previous year, and ...
Subsea 7's 2024 profit up 53% as Saipem merger beckons
Oslo-listed energy service group Subsea 7 , which plans to merge with Italian rival Saipem , said on Thursday its core profit rose 53% last year, in line with its previous guidance.
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Saipem set to merge with Subsea7 to create global energy services giant
Italy’s Saipem and Norway’s Subsea7 have reached an agreement to merge the two companies, to create an industry leader in ...
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Saipem sets course for new growth with eyes on greater profits
Italian contractor presents optimistic four-year plan as it continues turnaround from heavy losses in 2020 and 2021 ...
Saipem Sees 71 Percent Increase in Annual Profit
Saipem reported $321.08 million in net profit for 2024, up 70.9 percent from 2023 helped by higher volumes and the deployment of new rigs.