Offshore support duo call off planned merger

Feb. 13, 2020
European offshore accommodation/construction support giants Prosafe and Floatel International have decided to discontinue their planned merger, due to financial uncertainty and process risk.

Offshore staff

STAVANGER, Norway – European offshore accommodation/construction support giants Prosafe and Floatel International have decided to discontinue their planned merger, due to financial uncertainty and process risk.

Competition authorities in Norway and the UK have challenged the proposed merger.

Prosafe said it regretted that any near-term completion of a value-enhancing combination was unlikely.

02/13/2020

Courtesy Altera Infrastructure Holdings
Altera Infrastructure Holdings has agreed to sell its membership interests in Altera Shuttle Tankers
ID 326457873 © Arsenii Palivoda | Dreamstime.com
offshore wind
Photo 45185193 © Rawpixelimages | Dreamstime.com
Business Briefs