Subsea 7 Agrees to Sell Seaway7 Transport Business; Triggers €105M Dividend
The sale to HEA Energy has confidential terms and is expected to close in H1 2027, subject to conditions. The €105M special dividend is payable at closing or immediately before the proposed Saipem merger takes effect.
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Subsea7: Transaction Constitutes Permitted Business Divestment Referenced in Merger Pact With Saipem
Subsea 7 S.A. agreed to sell Seaway7’s heavy transportation business to HEA Energy; terms are confidential. Closing is expected in H1 2027, subject to conditions, and triggers a €105M special dividend, payable at the earlier of closing or immediately before the proposed Saipem merger takes effect.M…