Norway Rejects Prosafe-Floatel Merger

October 29, 2019

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

Oslo-listed accommodation services player Prosafe in a press release said that it will study the decision in detail, and expects to decide on whether to appeal shortly and within the deadline within three weeks.

The company owns and operates semi-submersible accommodation vessels operating at present in the North Sea region and off Latin America.

Last month the UK’s Competition and Markets Authority raised similar concerns that it could drive up prices to unsustainable levels, with the CMA carrying out further investigations.

Sweden-based Floatel International owns and operates a fleet of offshore accommodation and construction support vessels. The company was established in 2006.

Logistics News

Guinea Exports Record 48.6 Million Tons of Bauxite

Guinea Exports Record 48.6 Million Tons of Bauxite

ASRY Hosts First Innovation Forum with Lumofy

ASRY Hosts First Innovation Forum with Lumofy

Osbit Opens New Offshore Wind Facility in Port of Blyth

Osbit Opens New Offshore Wind Facility in Port of Blyth

Red Sea Bypass Contributed to Containers Lost in 2024

Red Sea Bypass Contributed to Containers Lost in 2024

Subscribe for Maritime Logistics Professional E‑News

France and Spain agree to tax private jets and premium flyers
US Senate bill's clean-energy cuts spark backlash from business, labor
Poland's Orlen won't buy Russian oil anymore, CEO of the company says