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Seatrium shares jump more than 10% following $11 billion order win from Petrobras

The Edge Singapore
The Edge Singapore  • 2 min read
Seatrium shares jump more than 10% following $11 billion order win from Petrobras
The latest contracts were won at a price estimated at 30% higher than the previous orders from Petrobras. Photo: Seatrium
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Seatrium shares surged following its announcement on Saturday that it has won $11 billion in new orders from longtime customer Petrobras.

Seatrium shares reached as high as $1.80, up 16.9% over last Friday's close of $1.54, before easing somewhat to end the day at $1.72, up 11.69%.

As at 9.25 am, the shares were changing hands at $1.68.

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