Borr Drilling Limited (NYSE:BORR) Divests 51% Perfomex Stakes; Keeps Rigs on Bareboat
Borr Drilling Limited will sell its 51% stakes in Mexican JVs (Perfomex) to its local partner, with closing expected in Sept. 2026. Borr keeps ownership of rigs Galar, Gersemi and Njord and will continue under bareboat charters with economics expected largely unchanged.Material DetailsContext by AI…