Paratus Energy Services Ltd. Announces Acquisition of Seadrill’s shares by Existing Shareholders
Hamilton, Bermuda, October 21, 2022 - Paratus Energy Services Ltd. (“Paratus”) is pleased to announce that Hemen Investments Ltd (“Hemen”), an entity ultimately controlled by trusts established by John Fredriksen for the benefit of his immediate family members, funds and accounts managed by Lodbrok Capital LLP (“Lodbrok”), and Melqart Asset Management (UK) Ltd (“Melqart”) (combined the “Acquiring Shareholders”) have advised Paratus that the Acquiring Shareholders have entered into separate agreements with Seadrill Investment Holding Company Limited (“Seadrill”) to acquire all of Seadrill’s