Offshore

Seadrill's rescue plan squeezes shareholders

18 months of rescue attempts have resulted in a restructuring plan for the drilling company Seadrill, which applied for Chapter 11 in the US Tuesday. Existing shareholders will be squeezed, note several analysts.
Photo: Richard Drew/AP/POLFOTO/arkiv
Photo: Richard Drew/AP/POLFOTO/arkiv
by KATRINE GRØNVALD RAUN

Seadrill managed to secure a rescue plan in the nick of time, and the company on Tuesday applied for Chapter 11 at a court in Texas.

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