Clarksons Platou Securities likes the look of an offshore wind shipping merger between Subsea 7 and OHT — and so do investors.
The Norwegian investment bank said the combination of the Kristian Siem-backed contractor’s renewables business with Arne Blystad’s Oslo-listed shipowner enables the new company — Seaway 7 — to capture a surging wind farm vessel market from 2024.
The two sides have not disclosed the exchange price used in the all-share merger.
