Subsea 7 rumored to be in sales talks with Baker Hughes

The Oslo Stock Exchange halted trading of the Subsea 7 share on Wednesday after rumors of acquisition talks with a US-based oil service major.

Photo: Subsea 7

Offshore and installation carrier Subsea 7, with Kristian Siem as majority shareholder, has alleged been in talks to sell the company to General Electric-owned Baker Hughes.

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