Saipem is starting preliminary negotiations for the sale of Sonsub, the center of excellence that creates underwater technologies and solutions of its Robotics & Industrialized Solutions division, to the shipbuilder FincantieriHe brought it back Bloomberg. Sonsub develops the Hydrone underwater drones – in the FlatFish/Hydrone-S, Hydrone-R and Hydrone-W versions – used to monitor the seabed and offshore infrastructure such as gas and oil pipelines.
Saipem, in view of the fusion with the Norwegian Subsea7, wants to enhance the entire robotics division, so as to try to circumvent the issue of Golden PowerThe company, led by Alessandro Puliti, was the first in the world to market autonomous resident underwater drones capable of operating at depths of up to 3000 meters. They were designed and manufactured between Marghera and Trieste, areas where some of Fincantieri's factories are also located.
For Fincantieri, led by Pierroberto Folgiero, the acquisition would represent a further step in the diversification beyond traditional shipbuilding and would be cash-financed, This is also a significant detail to include in the dossier golden powerIn this regard, Fincantieri, controlled by the State through Cdp with 71,3%, would represent the ideal choice for Saipem's assets, especially since it is already developing a new underwater division.
A Business Square late in the morning Fincantieri price at 20,12 euros, down 0,79%, after having accumulated an 85% gain in the last six months. Saipem The share price is 2,35 euros, down 0,59% after a six-month gain of 10,14%.
Meanwhile, the merger between Saipem and the Norwegian company Subsea 7 has reached the crucial stages of antitrust approval. In February, Saipem and Subsea 7 agreed to merge in an equal share transaction that valued the Norwegian company at approximately €4,65 billion. The new company, which will be called Saipem7, is expected to have revenues of approximately €20 billion. Its headquarters will be in Milan, while offshore operations will be led from London by a Subsea 7 executive. As part of the agreement with Saipem, Subsea 7 shareholders will also receive a special dividend of €450 million.
