Shareholders approve Transocean’s takeover of Ocean Rig

Transocean Leader
Transocean Leader

Transocean’s acquisition of rival rig contractor Ocean Rig has been approved by the shareholders of both companies.

Upon the completion, Ocean Rig will become a wholly-owned subsidiary of Transocean.

Transocean chief executive Jeremy Thigpen said: “We are extremely pleased that our shareholders have overwhelmingly approved our acquisition of Ocean Rig.

“Through this combination, Transocean further enhances our industry-leading fleet of high specification floaters, thus improving our competitive position.

“We are excited to begin actively marketing these assets into the growing list of opportunities we continue to see emerging across our global customer base.

“We look forward to closing the transaction in the coming days and welcoming Ocean Rig’s experienced crews into the company.”