Paratus Energy Services Ltd. Company update
Hamilton, Bermuda, March 17, 2023 - Paratus Energy Services Ltd. (“Paratus”) today announced the completion of the sale of all of Seadrill’s ownership interest in Paratus and general business updates on Paratus, its subsidiaries, and associated companies (“Paratus Group”). Paratus intends to release its trading update for fourth quarter 2022 in the coming days. Completion of the Share Acquisition Transaction On February 24, 2023, Hemen Investments Ltd (“Hemen”), an entity ultimately controlled by trusts established by John Fredriksen for the benefit of his immediate family members,