Transocean-Valaris merger to be reviewed by Australia's competition watchdog
( June 16, 2026, 08:11 GMT | Official Statement) -- MLex Summary: Transocean’s proposal to acquire Valaris by way of merger is facing a review by the Australian antitrust regulator. In a statement on Tuesday, the Australian Competition & Consumer Commission said that the deal would involve Transocean shareholders owning about 53 percent of the combined entity and Valaris shareholders owning the remaining 47 percent. The regulator said that Transocean and Valaris both provide “offshore contract drilling services globally through a fleet of owned and operated mobile offshore drilling units, including jackups, semisubmersibles and drillships.” The regulator added that while Transocean currently has two semisubmersibles under contract and a drillship due to commence operation in Australia in 2027, Valaris currently has one jackup under contract. The regulator is seeking views on the deal until June 23.Statement follows. Questionnaire is attached....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.