February 26, 2018 / 11:57 AM / in 4 months

Tycoon Fredriksen could cut ownership in rig firm Seadrill under restructuring plan

OSLO, Feb 26 (Reuters) - Shipping tycoon John Fredriksen will be allowed to cut his ownership in rig firm Seadrill to five percent over three years from a present stake of 24 percent, according to a debt restructuring deal with banks and other creditors.

The new plan would see $1.08 billion in new capital injected in the company instead of $1.06 billion under the initial plan, court filings showed on Monday. (Reporting by Nerijus Adomaitis, writing by Gwladys Fouche, editing by Terje Solsvik)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below