Fredriksen strikes premium price for Seadrill block
Amid a glut of accelerated bookbuilds on Wednesday evening — that also included two auctions, one failed deal and a bank capital increase — one transaction stood out for its novel structure. John Fredriksen’s Hemen Holding raised Nkr5.67bn ($1.016bn) selling 5% of Seadrill — and achieved a premium to the market price by offering investors downside protection.
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