UK fund Artemis Investment Management has topped up its stake in Tor Olav Troim’s Borr Drilling.
It bought a bundle of 21,987 shares yesterday, to take its holding back to 5% of the company.
Overall, Artemis has 26,632,110 shares in the jack-up rig specialist, worth NOK 1.03bn ($127.20m).
Borr started with the purchase of two Hercules Offshore rigs, before major transactions with Transocean. PPL Shipyard, Paragon Offshore and the newbuilding deal.
With the sale of some older units also part of the picture, it has a fleet of 29 jack-ups.
