Welltec founder sells out completely

Jørgen Hallundbæk has sold his remaining interest in the oil company he founded back in 1994 to investment firms 7-Industries and Exor.

by VIKTOR BRANDT KÆRGAARD

In April, Welltec announced that founder Jørgen Hallundbæk would resign as chief executive of Danish the oil firm, which specializes in oil well technology, robots in particular.

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Welltec founder sells stake, resigns as CEO
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Welltec wins contract with Saudi Aramco
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