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Seadrill Sells $300m of SapuraKencana Shares

Maritime Activity Reports, Inc.

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

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