DNB after leaked backup plan on Borr Drilling: Rescue plan is still the primary goal

Major Norwegian bank DNB is actively working with Borr Drilling to find a rescue plan to avoid splitting up or divesting the company, the bank tells E24. The update comes a day after Dagens Næringsliv reported on a leaked backup plan from the bank.

Photo: Norges Rederiforbund/Norwegian Shipowners' Association

The primary goal for major Norwegian bank DNB is to ensure a rescue plan and a restructuring of struggling Borr Drilling, and the bank is therefore working with the company to find solutions, DNB says to E24.

The statement comes after Dagens Næringsliv on Wednesday, citing a leaked document from DNB, reported that the bank was working with British fund Hayfin on plans to acquire, split up or sell Borr Drilling, if the company is not able to quickly settle a rescue plan.

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