ShippingWatch

Prosafe extends time frame for merger plans

Prosafe and competitor Floatel have extended the long stop date for their merger by six months. The merger is still pending necessary approvals after Norwegian authorities initially rejected the endeavor.

Photo: PR / Prosafe

The agreement on a future merger between the two competitors Prosafe and Floatel has been extended by another six months until June 30, informs Prosafe in a notice to the Oslo Stock Exchange.

Prosafe and Floatel, which both lease out hotel rigs, announced plans for a merger in the summer of 2019.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

CEO appoints new J. Lauritzen investment team

Kristian Mørch, the former CEO of Odfjell and current CEO of investment firm J. Lauritzen, has already constructed his new team, which involves both shipping and investment industry professionals.

Further reading

Related articles

Latest news

See all jobs