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Shelf Drilling scraps LSE IPO plans

: Saturday, July 05 - 2014 @ 03:51

Dubai-based oil rig supplier, Shelf Drilling has cancelled plans for a London initial public offer, Reuters has reported. “This decision has been reached due to challenging public market conditions despite a positive response from prospective investors to the company, its strategy and operations,” the company said.

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Saturday, July 5- 2014 @ 3:51 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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