BOS Initiates Merger Process with Global Tender Barges

Bergen Oilfield Services (BOS) has initiated a process towards the board of directors of the OSE listed company Global Tender Barges ASA ( GTB) and has proposed a merger between the two companies.

BOS is a Norwegian marine geophysical company. The company owns three seismic vessels and manages the whole value chain from vessel ownership and management, data acquisition to data processing.

BOS has initiated process towards, GBT with the purpose of establishing a platform that will benefit both companies and their shareholders. BOS has engaged Arctic Securities as financial advisor and Weirsholm as legal advisor in this process.

Funds managed by Sector Omega ASA is largest owner of BOS, with 78% of shares and is also the largest owner in GTB with and ownership interest of 33%.