- (PLX AI) - Aker Solutions shares rose 10% after announcing it would merge its subsea unit with Schlumberger's One Subsea business in a new joint venture in which Subsea 7 will also take a 10% stake.
- • Schlumberger will own 70%, with Aker Solutions owning 20%
- • Aker Solutions estimates USD 100 million in annual synergies over the medium term
- • This is big news. This deal has been talked about for many years, analysts at Carnegie said
- • We see significant synergies, consolidation of footprint, broader product portfolio and less competition: Carnegie
- • Subsea 7 shares were down 2.7%
© 2022 PLX AI
