Brief: SD Standard Drilling Sells Ownership In VLCC

SD Standard Etc

02/11/2021 06:44

Nov 2 (Reuters) - SD Standard Drilling PLC  SDSD.OL :
    * SALE OF VLCC AND PORTFOLIO UPDATE
    * ANNOUNCES SALE OF ITS 33.3% OWNERSHIP IN VLCC GUSTAVIA S,
FOLLOWING UPDATED COMPANY STRATEGY
    * TRANSACTION VALUES VESSEL AT USD 93 MILLION, WHERE
STANDARD
DRILLING WILL RECEIVE NET PROCEEDS OF USD 14.1 MILLION
    * WILL BOOK A LOSS OF USD 0.8 MILLION IN Q3 OF 2021

Source text for Eikon:  ID:nObiFBNmqa 
Further company coverage:  SDSD.OL 

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