US activist investor Paul Singer reveals major stake in Kristian Siem’s Subsea 7

Paul Singer’s US-based Elliott Investment Management has built up a 10% stake in Norwegian contractor, sparking speculation about intent

Big reputation: Paul Singer, founder and co-chief executive of Elliott Investment Management. — Big reputation: Paul Singer, founder and co-chief executive of Elliott Investment Management.Photo: REUTERS/SCANPIX

Iain Esau

London

Subsea 7 Kristian Siem Paul Singer Elliott Investment Management Americas

Published 4 July 2023, 10:00Updated 7 July 2023, 11:06