Seadrill isset to realise a gain of $165 million from the sale of 230 million shares thatwill reduce its shareholding in SapuraKencana to 8%, having raised it to 12%with the integration of its tender rig business into the company under a dealfinalised between the pair last year.
TheLondon-based rig giant, backed by shipping and offshore billionaire and chairman JohnFredriksen, said it would “remain a long-term strategic investor” inSapuraKencana and has entered into a lock-up agreement for its remaining sharesuntil year-end.
Fredriksenwould
