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BRIEF-PGS announces private placement of shares

Wed May 27, 2009 11:39am EDT

Stocks

   

OSLO, May 27 (Reuters) - PGS (PGS.OL) said on Tuesday:

* To make private placement of shares

* To issue up to 18 mln new shares and sell up to 3.63 mln treasury shares

* Aims to strengthen balance sheet

(Reporting by Oslo newsroom)



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