Bonheur ASA to deconsolidate Dolphin Drilling ASA
The shareholders of Bonheur ASA (“Bonheur”) will be mindful that due to the recent years’ downturn in the offshore drilling industry coupled with the termination of respectively the newbuilding- and the drilling contract for former Bollsta Dolphin semi-submersible drilling rig, Dolphin Drilling ASA (“DDASA”) has for a prolonged period made refinancing efforts in order to find a long term solution. Based on developments in these efforts and Bonheur’s assessment of the same, DDASA will be deconsolidated in Bonheur’s fourth quarter 2018 financial reporting. Deconsolidation comes, among