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Blackrock becomes major shareholder in Borr Drilling

Multinational asset manager Blackrock now owns 5.67% of Borr Drilling’s shares. The equity purchase is announced the same day as Borr Drilling sells three rigs under construction to strengthen the company’s strained economy.

Borr Drilling Chair Tor Olav Trøim. | Photo: PR / Marine Money/Marine Money

Asset manager Blackrock has acquired almost 6.4 million shares in financial strained drilling company Borr Drilling, according to a shareholder notice.

This share purchase brings Blackrock’s stake to 5.67%, or 8.7 million shares, making the asset manager a major shareholder in Borr Drilling.

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