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Aker Sells $635M Drilling Unit Stake

Aker has sold the shares in its Norwegian drilling rig operation company, Aker Drilling.

Aker has sold the shares in its Norwegian drilling rig operation company, Aker Drilling, Reuters reports. The maritime conglomerate has raised a total of $635 million from the share sale.

The advisers for the initial public offering (IPO), which values the company at $943.6 million, were Arctic Securities, DnB NOR Markets, Pareto Securities and RS PlatouMarkets. Aker sold its stake in the drilling unit at $3.31 per shares.

Click here for the story from Reuters.

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