Subsea7 Strikes Deal to Sell Seaway7 Heavy Transport Unit to HEA Energy

AI Summary

Subsea7 agreed to sell its Seaway7 heavy transportation business to HEA Energy, including six semi-submersible vessels. The transaction is linked to Subsea7’s proposed merger with Saipem.

Subsea7 has agreed to sell its Seaway7 heavy transportation business, comprising six semi-submersible vessels, to HEA Energy in a transaction linked to its proposed merger with Saipem…