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Investors pick up bargain PGS

Shares in Norwegian oilfield services group Petroleum Geo-Services (PGS) regained some ground on Monday following news that it was close to a sale of its Atlantis subsidiary to China's state oil trading company. PGS closed up NOK 5 ($0.787) at 49 on the Oslo stock exchange, off a session-high of 52 crowns. It was recovering from a year low on Friday of 44.0 crowns after having plunged from a peak of 127.0 in January.