London fund GLG Partners has sold a block of Seadrill stock worth $127.66m.
It said it disposed of 4.91m shares, or 4.91% of the company, on Tuesday.
GLG did not reveal whether it still retained a stake in Seadrill.
Last week, the restructured John Fredriksen-backed drillship company launched a mandatory redemption of $126m in notes.
The 12% issue is due in 2025.
