Brazil clears Transocean's acquisition of Valaris without restrictions
RIG•Brazil's competition authority cleared Transocean's acquisition of Valaris without restrictions on October 13, 2026. The deal is expected to close in the fourth quarter, subject to remaining conditions.
1. Approval and timing
CADE cleared the acquisition without restrictions on October 13. Publication in Brazil's Official Journal is expected October 15 or 16, starting a 15-day waiting period; the deal is expected to close in the fourth quarter of 2026, subject to satisfaction or waiver of remaining conditions.
2. Deal terms
The February 9, 2026 agreement sets an exchange ratio of 15.235 Transocean shares for each outstanding Valaris common share. All regulatory approval conditions will be satisfied once CADE's decision becomes final.
