Pamplona Capital Reports Sale of 8.5% Nabors Stake - Nabors Industries (NYSE:NBR)

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Pamplona Capital Management LLP (“Pamplona”) confirms that its Private Equity Fund III (“Fund”) has sold its approximately 8.5% shareholding in Nabors Industries Ltd., a diversified oilfield services company listed on the NYSE. Pamplona is pleased by the progress made by Nabors since the acquisition of its stake and the sale provides an attractive financial return for the Fund's investors.

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