Extract from M&A Insights

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Borr Drilling acquires Paragon Offshore in a push for rig market consolidation
February 23, 2018

Offshore rig firm Borr Drilling, controlled by Norwegian investor Tor Olav Troeim, acquires rival company Paragon Offshore in a push to consolidate the fragmented rig market. This will value Borr drilling at SEK 28b according to rig valuation company Vessel Value.

ⓘ This story was originally featured in our daily M&A Newsletter - a part of M&A Insights.