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Talk of a POSH-MEO merger as M&A activity picks up in OSV sector

DBS, being a major lender to the two entities, is in a good position to bring POSH and MEO together in a typically creditor-driven debt revamp process, say sources

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Responding to a query from The Business Times (BT), a POSH spokesman said: "We are always open to evaluating any value accretive opportunities. As a policy, we do not and cannot comment on any specific market rumours."

Singapore

FOUR years into a prolonged industry downturn, merger and acquisition (M&A) activity appears to be picking up in the offshore support vessel (OSV) market, lifting expectations that a sector-wide consolidation could gain momentum in the months to come.

In Singapore,

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