Subsea 7 to sell vessel to GSP

SUBSEA 7 is to sell pipelay vessel Acergy Falcon to Romanian oil and gas service company GSP.

The Office of Fair Trading said yesterday it had accepted undertakings, including the vessel sale, to address competition concerns arising from the completed acquisition of Subsea 7 by Acergy.

As a result, the merger will not be referred to the Competition Commission.

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