Saudi Arabia’s Ades Holding Firm has accomplished its $379mn buy of Norwegian listed agency Shelf Drilling via a money merger. In a 26 November announcement, Ades says the transaction establishes Ades “as the worldwide chief in offshore drilling, with a mixed fleet of 83 offshore models (46 premium models) and 40 onshore rigs, now working throughout 19 international locations.” The transaction was first introduced in August (MEES, 8 August).
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