Paratus said the sale of Fontis' drilling operations and jack-up fleet, first announced on 23 March 2026, still requires remaining customary conditions precedent and closing processes before completion.
Paratus Energy Services Ltd. said it has received clearance from the board of commissioners of the Mexican Competition Authority for the sale of Fontis' drilling operations and jack-up fleet, a transaction first announced on 23 March 2026. The deal has not yet closed and remains subject to the remaining customary conditions precedent and closing processes, with completion expected during Q3 2026. Paratus said it will provide further updates as appropriate. The Bermuda-based investment holding company said its main assets include Fontis Energy, which is held for sale, and a 50/50 JV interest in Seagems.