The Norwegian Competition Authority (NCA) announced that it may intervene in the proposed merger of offshore accommodations platform operators Floatel and Prosafe, the two closest competitors in their segment in the region. The agency claims that other suppliers on the Norwegian continental shelf offer units that are not comparable and cannot meet the requirements to compete for all of the same contracts.
“Prosafe and Floatel are the only providers of newer semi-submersible housing platforms on the Norwegian continental shelf. The Norwegian Competition Authority is of the opinion that the parties are close competitors and that they face competition from other players to a limited extent,” said Lars Sørgard, the agency’s director of competition.
The firms have provided NCA with proposals on ways to mitigate any negative effects on competition, but the agency’s preliminary assessment finds that these measures will not sufficiently address the problem.
“We fear that customers who request accommodation services on the Norwegian continental shelf will have few or no competing suppliers in upcoming tender contests following the merger. Reduced competition will increase costs for companies that demand offshore accommodation services,” said deputy Marita Skjæveland.
Full Content: Maritime Executive
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
T-Mobile’s Acquisition of Ka’ena Corporation Receives FCC Approval
Apr 26, 2024 by
CPI
UK Regulator Announces Two New Senior Executive Appointments
Apr 26, 2024 by
CPI
Paramount Global and Skydance Media Near Merger Deal, Eyeing CEO Change
Apr 26, 2024 by
CPI
BHP Unveils £31bn Mining Megamerger Proposal with Anglo American
Apr 25, 2024 by
nhoch@pymnts.com
ByteDance Prefers Shutdown Over Sale of TikTok Amid US Ban Threats
Apr 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI