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Seadrill will be delisted in New York after new huge deficit

Norwegian drilling company Seadrill will not maintain its listing in New York. The market and virus outbreak gets the blame following a first quarter in which the company lost USD 1.6 billion.

Norwegian-Cypriot shipping magnate John Fredriksen is behind Seadrill, which will be delisted in New York. Photo: Ints Kalnins/Reuters/Ritzau Scanpix

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