Seadrill (SDRL) -1.5% premarket after reducing its stake in Malaysian partner SapuraKencana...

|About: Seadrill Limited (SDRL)|By:, SA News Editor

Seadrill (SDRL) -1.5% premarket after reducing its stake in Malaysian partner SapuraKencana Petroleum, selling 300M shares for ~$200M. Following the transaction, SDRL will continue to hold 319.5M shares in SapuraKencana, or a 6.4% stake.