Aker Sells $635M Drilling Unit Stake

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.

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