Offshore

Vantage Drilling Merger with Eldorado Drilling Nears Completion

Vantage Drilling expects merger conditions with Eldorado Drilling to be satisfied on 26 June 2026, with shareholders to receive $19.00 per share.

Platinum Explorer drillship (Photo source: Vantage Drilling)

26, June 2026
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Vantage Drilling International Ltd. said all conditions for completion of its merger with Eldorado Drilling AS are expected to be satisfied at 1:00 p.m. ET on 26 June 2026, subject to the continued satisfaction of customary closing conditions through that time.

The transaction was announced on 29 May 2026. Under the merger structure, a wholly owned subsidiary of Eldorado Drilling AS will merge with and into Vantage Drilling International Ltd., with Vantage Drilling International Ltd. surviving as a wholly owned subsidiary of Eldorado Drilling AS.

Upon completion, shareholders of Vantage Drilling International Ltd. will receive cash consideration of $19.00 per share.

To support an orderly settlement of the consideration, the company will request that the Oslo Stock Exchange suspend trading in its shares from 29 June 2026.

Tags: Eldorado Drilling, merger, offshore drilling, Oslo Stock Exchange, Vantage Drilling

Editorial Note:
This article was prepared with the assistance of AI tools to enhance clarity and efficiency.
All information has been reviewed and verified by the HMT News editor.

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