From the coalition between the sepamThe Italian Engineering Company specializes in the oil sector, And Norwegian all 7Norwegian company is active in providing offshore projects and services for energy sector, 20 billion giant Business
Greeting with an operation A lot of satisfaction By the Minister of Economy Gyancarlo Juregati“Comments on the seam integration agreement with Norway’s all 7 represents a great example of how the public can increase industrial operations. With this merger, in fact, energy engineering, in fact, with this integration. A global joint of the sector has been created but in Italy, based in Milan. “
The terms of deployment
Both companies have signed a Memorandum of understanding (Reconciliation Name) is the purpose of Collection that will give life to the global leader In the energy services sector. Company is born of integration It will be called sepam 7 And it will have a total order portfolio of 43 billion euros, about 20 billion euros and more than 2 billion euros. Will count More than 45,000 peopleWhich includes more than 9,000 engineers and project managers, and will be able to trust the geographical presence, skills and expertise in the global customer base service, a strong completion in terms of naval fleets and technologies.
The integration is expected to produce a significant price for seams and all 7 shared people and is expected Annual harmony Equivalent about about 300 million After the completion of the merger, the euro from the third year, which is once the cost of approximately 270 million euros, is linked to the cost.
It’s a Equal integration: Sipim and all 7 shareholders will clean the shares of the joint company equally (in a ratio of 50-50.
Subs 7 shareholders They will receive 6,688 sepam actions Each of all 7 action was detained, while the Norwegian company will distribute a Abnormally profitable Immediately from the completion of the operation. 450 million euros.
Are ready to support CDP and Annie operation
CDP Equity, NECM Industries Have signed a separate memorandum of Andrewing, in which they are Is determined to support the proposed combination And the terms A Personal contract Which will be effective by completing it.
Is expected in this area that Chairman Both the Board of Directors of the Joint Company Nominated by Sam Industries (Subsia 7 reference shareholder), while CEO Both nominees Da CDP Equity Aid Annie.
It was also expected Alasandro Platti will be appointed Of the new company, while currently being planned John Evans CEO of the company has been appointed Will manage offshore business Of the new group. Will be divided into a joint company Quetro Business: Offshore engineering and construction, omg engineering and construction, sustainable infrastructure and offshore drilling. The Business of Shore Engineering and Construction will be included in its operational sovereignty company, called sub -EA7 and will be worked with the “Subs 7 – SAPM 7 company” brand and will be under the guidance of Evans. –
Will be a new company Registered office Milan And its Actions They both will be listed Milan Stock Exchange On it Overseas. The Sam Industries will own about 11.9 % of the capital, while the ENI and CDP equity will have 10.6 % and 6.4 %, respectively.
“With this operation we form a global leader of great industrial and technical value,” CEO commented AnnieFor, for, for,. Claudio DisclaimRemembering that “in the past few years, Sipim has taken the path of continuously improving operational and financial performances, which has brought it to the status of a major change, such as being able to become the main role of this important change.”
“Together with ENI we worked in harmony and successfully improved a great industrial operation – Casa Deposit E -Printeti’s CEO, commented on the CEO, Dario Scanpico.
