Prosafe and Floatel International have mutually decided to discontinue the merger process. The conclusion is that any near-term completion of a value enhancing merger is unlikely.
About Floatel
Floatel provides top quality offshore Floatels for extreme conditions. With headquarters in Bermuda, Floatel International Ltd. has a Gothenburg subsidiary, Floatel International AB, for onshore operational support and supervision.
About Prosafe
Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS.
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