Shares in Solstad Offshore have spiked this morning as the company sealed a merger agreement that will see it take control of rival Rem Offshore.
Oslo-listed Solstad saw its stock price rise by nearly 12% after announcing it now has options to acquire up to 66.4% of Rem’s share capital.
This would leave Rem’s chairman Age Remoy with a stake of 12.2%.
Solstad’s
