Former Norden shareholder sells all Borr Drilling shares

Norway's Rasmussengruppen has sold its entire stake in Borr Drilling, reports Dagens Næringsliv. Several leading figures in Borr have seized the opportunity to buy.

Photo: Transocean

Norwegian investor Rasmussengruppen has sold all its shares in drilling company Borr Drilling.

In a press release Wednesday, the drilling company says that a shareholder "is exploring a potential block sale of existing shares," through an accelerated procurement process. The company has not named the party but says the potential sale concerns approximately 17 million shares.

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