Subsea7, a company that provides services to offshore oil and gas industries, has reached a deal to acquire a majority of Seaway7’s remaining shares, giving it full control over its operations. Seaways7 was formed in 2021 as a new pure-play renewables company through the combination of Subsea7’s renewables business unit and Offshore Heavy Transport ASA (OHT). Under the deal, Subsea7 has agreed to buy 187,889,551 shares in Seaway7, representing 21.52% of Seaway7’s issued and outstanding share...
https://gcaptain.com/subsea-7-initiates-takeover-of-seaway-7/