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Braemar Shipping Services PLC - London-based provider of technical expertise and professional marine and energy services - Reports potential sale of 9.6 million shares, about a 10% stake, in investee AqualisBraemar LOC ASA. Says no certainty a transaction will take place. "Braemar Shipping Services has retained Sparebank 1 Markets AS as sole bookrunner to explore the sale of up to 9,600,000 existing shares in AqualisBraemar," company adds. Assuming all shares are sold, Braemar will be left with a stake of 9.6 million AqualisBraemar shares, about 10% of company.
Current stock price: 195.00 pence
Year-to-date change: up 26%
By Eric Cunha; ericcunha@alliancenews.com
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