Offshore Services Consolidation

Key Facts

—CADE clearance. Brazil’s antitrust authority approved the OceanPact-CBO merger unconditionally, with no remedies required.

—All-stock deal. The transaction involves issuing roughly 275 million new OceanPact shares to CBO shareholders.

—Ownership split. CBO shareholders will hold about 57.86% of the combined company, with current OceanPact investors at 42.14%.