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23 February 2025
Siem Industries S.A enters into memorandum of understanding in respect of the merger of Subsea7 S.A.
Luxembourg, 23 February 2025 - With reference to the stock exchange notice related to the cross-border merger of Subsea7 S.A. and Saipem S.p.A, as announced by the companies involved in the merger, Siem Industries S.A has today entered into a memorandum of understanding (the “MoU”) with the controlling shareholders of Saipem, namely Eni S.p.A and CDP Equity S.p.A. The MoU will be replaced by a shareholders agreement which will be made available to all shareholders.
22nd November 2024
Siem Industries subsidiary, Seven Yield Holdings Pte has today reached agreement to acquire the MV Eurocargo Catania from the Grimaldi Group in Italy.
The 3,700 lane metre RoRo vessel was delivered by Odense Shipyard in Denmark in 2011.
She will be taken over in January 2025.
The vessel will fit well into the portfolio of RoRo vessels already controlled by the Siem Group.
19th November 2024
As new owner of Ramme, the Siem Group has today entered an agreement with Unike Hoteller for the management of Ramme Fjordhotell. Unike Hoteller will immediately commence working on including Ramme into its portfolio of hotels, with formal takeover on 1 January 2025.
Ramme is open for guests, overnight stays and functions.
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14th November 2024
Our subsidiary Siem Offshore A/S has today entered into agreements with Aurora Offshore A/S for the technical and commercial management of our OSV fleet.
The management change from Sea1 Offshore will take place during Q1 2025.
Siem Offshore A/S has agreed to acquire 40% ownership in Aurora Offshore A/S.
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