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Seadrill pares SapuraKencana interest

4% cut in stake yields US$165m profit for seller

Published Thu, Apr 10, 2014 · 10:00 PM

SHARES in integrated oil and gas company SapuraKencana Petroleum eased over one per cent to RM4.38 apiece yesterday after news emerged that significant shareholder Seadrill Ltd had pared its interest down in the Malaysian firm to 8 per cent at the close of trading on Wednesday.

The Bahamas-domiciled but London-…

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