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Diamond Offshore leaves bankruptcy protection and replaces CEO

US-based drilling company Diamond Offshore now has a financial restructuring plan in place and thus leaves bankruptcy protection. The company also replaces its current CEO.

Photo: Mark J. Terrill/AP/Ritzau Scanpix

Drilling company Diamond Offshore has now left bankruptcy protection under the so-called Chapter 11.

The hard-pressed US company has a financial restructuring plan in place, announced a couple of months ago, and can therefore exit bankruptcy protection.

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