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Prosafe hits another setback in merger process

British authorities, for the second time, voice concerns about the merger between Prosafe and Floatel, which they believe could harm competition in the market for accommodation rig leasing in the North Sea.

Photo: PR / Prosafe

Prosafe encounters yet another obstacle in its efforts to merge with competitor Floatel.

After reviewing the proposed merger for the second time, UK competition authorities respond with discouraging news to the companies.

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