Prosafe has spent millions on merger still pending approval
Prosafe has spent USD 1.5 million on its planned merger with Floatel, a move that has yet to receive regulatory approval. The Norwegian Competition Authority will make a decision in late October.
BY NIKLAS KRIGSLUND
Prosafe still awaits the go-ahead for its merger with competitor Floatel, a move which would create a new, major player in the market for hotel rig leasing in the North Sea.
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