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Update on the Merger between Prosafe & Floatel International

Source: www.gulfoilandgas.com 11/25/2019, Location: Europe

Reference is made to press release dated 28 October 2019, in which Prosafe informed that the Norwegian Competition Authority had issued a Statement of rejection regarding the proposed merger between Prosafe and Floatel International.

Prosafe has filed its appeal to this decision and will continue its efforts to get clearance in Norway.

In the UK, the process with the Competition and Markets Authority is in Phase 2 and more specific information is anticipated to be available in the course of the first quarter of 2020.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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