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Friday, October 28, 2016

Seadrill Sells $300m of SapuraKencana Shares

April 9, 2014

Seadrill, the world's biggest offshore driller by market capitalisation, has sold 230 million shares in Malaysia's SapuraKencana, raising $300 million and earning a gain of $165 million on the deal, it said on Wednesday.

Seadrill (SDRL), which still owns around 490 million shares in SapuraKencana, has agreed not to sell any further shares in the company

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