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The investment company controlled by Johan H. Andresen, Ferd, intends to sell up to 20 million shares in Petroleum Geo-Services, or about 5.9 % of shares outstanding.
The company writes in a message Monday. 19659002] Based on the current price of NOK 42.91, Ferd sells shares for USD 858.20 million.
The company hired Morgan Stanley and Nordea to run the book building.
Ferd joined a 90- day lock, common in transactions of this type, is called
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