(WO) — Vantage Drilling International announced that shareholders have approved the company's proposed merger with Eldorado Drilling AS during a special general meeting held June 18.

Under the previously announced transaction, a wholly owned subsidiary of Eldorado Drilling will merge with and into Vantage, with Vantage continuing as the surviving entity and becoming a wholly owned subsidiary of Eldorado.

The shareholder vote approved all matters presented at the meeting, including the merger proposal.

Completion of the transaction remains subject to additional closing conditions. Vantage said further updates will be provided as those conditions are satisfied or waived.

The merger, originally announced earlier this year, is expected to combine the offshore drilling contractors' fleets and operations as the companies seek to strengthen their positions in the global offshore rig market.