Seadrill Sells $300m of SapuraKencana Shares
Seadrill, the world's biggest offshore driller by market capitalisation, has sold 230 million shares in Malaysia's SapuraKencana, raising $300 million and earning a gain of $165 million on the deal, it said on Wednesday.
Seadrill, which still owns around 490 million shares in SapuraKencana, has agreed not to sell any further shares in the company