Floatel International: Update on the merger process with Prosafe

Reference is made to the third quarter report published 26 November 2019 in which Floatel International informed that the process with the Competition and Markets Authority (CMA) in the UK was in Phase 2 and that more specific information was anticipated to be available in the course of the first quarter of 2020.

Today the CMA have issued their provisional findings which conclude that blocking the merger may be the only way to mitigate their concerns.

Floatel International will study the conclusions and supporting arguments in detail ahead of the deadline for responding by 20 February 2020.

For further information, please contact:

Peter Jacobsson, CEO, Floatel International AB – Tel: + 46 31 352 07 00; Mob: +46 76 856 36 18

Tomas Hjelmstierna, CFO, Floatel International AB – Tel: + 46 31 352 07 00; Mob: +46 70 261 09 01