Seadrill loses equity holding in Seadrill Partners with new rescue plan

Offshore company Seadrill Partners plans to convert debt into equity as part of its restructuring. As a result, however, parent company Seadrill is pushed out and loses its equity holding, writes Finansavisen.

BY IDHA TOFT VALEUR, ShippingWatch

Seadrill now loses its equity holding in subsidiary Seadrill Partners, which is undergoing a restructuring.

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