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Brazil Clears Transocean’s Planned $5.8 Billion Valaris Acquisition

CADE’s Tuesday decision allows the combination to take effect without restrictions. Valaris disclosed the approval.

Two offshore drilling rigs sit side by side in a Brazilian harbor / TokenPost.ai
Two offshore drilling rigs sit side by side in a Brazilian harbor / TokenPost.ai

Brazil’s antitrust regulator cleared Transocean’s planned $5.8 billion acquisition of Valaris, with a Tuesday decision allowing the combination to take effect without restrictions.

CADE issued the decision, and Valaris disclosed the approval.

Riza Dagoc

Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.

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