North Atlantic Drilling Ltd.
 (NATDF)

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  • Aug. 22, 2014, 8:07 AM
    • Rosneft (OTC:RNFTF) will take a 30% stake in North Atlantic Drilling (NYSE:NADL) at $9.25 a share in exchange for 150 of its drilling rigs, building on a preliminary agreement discussed in May.
    • The deal represents a deepening of the already strong relationship between Rosneft and Seadrill (NYSE:SDRL), which owns 70% of North Atlantic Drilling.
    • Last month, Rosneft agreed to lease six offshore drilling rigs from North Atlantic Drilling by 2022, in a contract worth $4.25B.
    • Previously: Rosneft to acquire shares in North Atlantic Drilling
    | Aug. 22, 2014, 8:07 AM | 22 Comments
Company Description
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