Seadrill’s Brazil Unit Delays Listing by Two Months to April
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Seadrill Ltd., the oil-rig operator whose largest owner is billionaire John Fredriksen, said the listing of its Brazilian unit will be delayed until April after failing to complete a proposed corporate restructuring.
Seabras Servicos de Petroleo SA agreed with Petroleo Brasileiro SA to make the changes, Seadrill said in a statement today. “It will not be possible to complete the proposed corporate restructuring and receive consents from lending banks and charterer within the time limit” for filing based on third-quarter accounts.