Prosafe reviewing options after Floatel merger vetoed

Oct. 28, 2019
The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.

Offshore staff

STAVANGER, Norway – The Norwegian Competition Authority has rejected the proposed merger between Scandinavian offshore accommodation/construction support providers Prosafe and Floatel.

Prosafe said it would examine the decision and expects to decide on whether to appeal shortly, within the three-week deadline. The company owns and operates semisubmersible accommodation vessels operating at present in the North Sea region and off Latin America.

10/28/2019