Saipem CEO does not see regulatory risks for merger with Subsea7

Core Viewpoint - Saipem's CEO expressed confidence that there are no regulatory risks associated with the planned merger with Norwegian rival Subsea7, dismissing concerns about potential hurdles in the process [1] Company Summary - Saipem is an Italian energy contractor that is pursuing a merger with Subsea7, a Norwegian company in the same industry [1] - The CEO's remarks indicate a positive outlook on the merger's regulatory approval process, suggesting that the company does not foresee significant obstacles [1] Industry Summary - The merger between Saipem and Subsea7 reflects ongoing consolidation trends within the energy contracting sector, as companies seek to enhance their competitive positioning [1] - Regulatory scrutiny is a common concern in mergers and acquisitions, but Saipem's leadership appears to be optimistic about navigating these challenges [1]