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Subsea 7 says EU Commission to comment within 24 hours

Subsea 7 CEO Stuart Fitzgerald said the European Commission will likely comment within 24 hours on the reopening of its antitrust probe of the Subsea 7 OSL:SUBC and Saipem MIL:SPM merger.

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The European Commission will likely comment within the next 24 hours on whether to reopen its antitrust probe of the merger between Norway’s Subsea 7 OSL:SUBC and Italy’s Saipem MIL:SPM, Subsea 7 CEO Stuart Fitzgerald said on Wednesday. The probe had been halted by the EU while the parties provided add…