Prosafe appeals Norway’s Floatel merger objection

The Norwegian Competition Authority last month objected the proposed merger of the two largest providers of semi-submersible accommodation rigs. The NCA said the merger would reduce competition and lead to increased cost for customers.

The proposed merger, if realized, would create the world’s largest offshore accommodation company, with Prosafe currently owning and operating a total of nine offshore accommodation units, and has options for delivery of two newbuilds, while Floatel’s fleet counts five units.

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