ShippingWatch

Subsea 7 completes acquisition of Siem subsidiary

Subsea 7 and Siem Offshore have reached agreement on the sale of Siem's cable business after all. Subsea 7 also buys two vessels from Siem Offshore in a deal worth EUR 140 million.

Photo: Subsea 7

Subsea 7 has reached agreement with Siem Offshore for the acquisition of the company's subsidiary, cable company Siem Offshore Contractors, as well as two vessels. The transaction totals EUR 140 million (USD 170 million).

Subsea 7 announced the agreement Thursday, while also publishing its annual report.

Read this article for free

Register with your E-mail.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

Related articles

Latest news

Jobs

See all

See all