Seadrill snags former subsidiary in billion-dollar deal

Drilling contractor Seadrill has announced agreement to acquire former subsidiary Aquadrill with a price of close to USD 1bn.

Photo: Reuters File Photo/Reuters/Ritzau Scanpix

BY IDHA FOFT VALEUR, SHIPPINGWATCH, TRANSLATED BY SIMON ØST VEJBÆK

John Fredriksen-owned drilling contractor Seadrill splurges on acquiring British Aquadrill, a former subsidiary.

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