Bumi Armada-MISC merger falls through

(offshore-energy.biz) Talks about a potential business combination between Malaysia’s Bumi Armada and the offshore segment of the compatriot shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, have come to nought.

A few months ago, Bumi Armada revealed that the due diligence exercise with MISC was ongoing, under the memorandum of understanding (MoU) the duo signed in 2024 to explore a prospective merger via an all-share transaction.

The MoU, which was effective for nine months, until the execution of the definitive agreement or termination of the MoU, whichever came sooner, was undertaken to forge a bigger floating production business.  

Read full article: Bumi Armada-MISC merger falls through – Offshore Energy