Major bank: Mærsk, Fredriksen and Odfjell should join forces in drilling
It makes sense for Maersk Drilling, Odfjell Drilling and Northern Ocean to be merged, says Danske Bank. The latter two have Helene Odfjell and John Fredriksen as major shareholders, and both could see smaller ownership stakes following a merger, the bank projects.
by SØREN PICO
Drilling company Maersk Drilling ought to merge with competitors Odfjell Drilling and Northern Ocean to bolster itself against competitors, concludes Danske Bank in a new analysis on the drilling rig market.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
CEO on past drilling mergers: "A pure catastrophe"
For subscribers
