Competition authorities in the UK have found that blocking a merger between offshore accommodation specialists Prosafe and Floatel may be the only way to mitigate concerns related to lessening of competition and fears that customers may face higher prices as a result of the merger.
Prosafe and Floatel announced their plan to merge in June last year, looking to create the world’s largest offshore accommodation company. However, the plan has come across competition concerns with both the UK and Norwegian competition authorities amid fears that the new company would reduce competition in the accommodation rigs sector.
Brazil Energy Insight 
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