Offshore staff
SUGAR LAND, Texas / COPENHAGEN, Denmark — Noble Corp. and Maersk Drilling have issued an update on their proposed business combination, first announced last November 2021.
The UK Competition and Markets Authority (CMA) has decided not to refer the combination for further in-depth Phase 2 review and has completed its review.
In May the CMA stated that a sale of certain rigs to a suitable purchaser and supporting infrastructure might allay its concerns over the lessening of competition arising from the proposed merger.
Noble then entered an agreement to sell five jackups, Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert and Noble Lloyd Noble (the "Remedy Rigs") to a subsidiary of Shelf Drilling.
The CMA has now accepted legally binding undertakings from Noble and Maersk Drilling to divest the Remedy Rigs, and related offshore and onshore personnel and assets and related operations.
All merger control conditions to the exchange offer have now been satisfied, and the board of directors of Maersk Drilling has unanimously recommended that Maersk Drilling shareholders accept it.
09.01.2022
