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Drilling share set to be delisted in the US

Following Valaris' Chapter 11 filing, the New York Stock Exchange has suspended trading of the rig operator's share. The company expects that the share will be delisted.

Photo: Mark J. Terrill/AP/Ritzau Scanpix

The New York Stock Exchange will delist Valaris' share in the wake of the rig company's decision to file for Chapter 11, says the strained company in an update.

This comes after Valaris on Aug. 19 filed for Chapter 11 bankruptcy protection in the US, in order to get time to handle a massive debt of USD 6.5 billion.

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