UPDATE 1-Transocean to make Swiss market debut on April 20

* Transocean to keep New York listing

* Seeking to widen and diversify shareholder base

(Adds details)

ZURICH, April 12 (BestGrowthStock) – U.S. offshore driller
Transocean Ltd (RIG.N: ) will make its debut on the SIX Swiss
Exchange on April 20, adding to its listing on the New York
Stock Exchange, the group said on Monday.

Transocean, the world’s largest offshore drilling
contractor, said it was listing in Switzerland, where it is
incorporated, to widen and diversify its shareholder base.

The news comes as Swiss food company Orior prepares for its
stock market debut in the first initial public offering on the
Swiss exchange in more than half a year. [ID:nLDE62O04G]

The global market for initial public offerings is showing
signs of life after a spate of downsizings and postponements,
though companies have frequently had to temper their initial
pricing expectations.

Transocean, which reported operating revenue of $11.6
billion in 2009, said its shares will be included in the Swiss
Performance Index on the second day of trading.

Its shares are expected to be included in the Swiss Market
Index (.SMIM: ) after the stock market close on Sept. 17, but if
the group meets certain conditions, its shares may qualify for
early inclusion in the SMI, it said.

Investment Tools
(Reporting by Katie Reid; Editing by David Holmes)

UPDATE 1-Transocean to make Swiss market debut on April 20