Antitrust says EDC sale may require lengthy govt consideration

MOSCOW, Jan 16 (PRIME) – The purchase by Schlumberger of a stake in Russia’s Eurasia Drilling Company (EDC) may require more than one meetings of the government’s commission for foreign investment, the Federal Antimonopoly Service Director Igor Artemyev said on Tuesday.

“The situation will become better, when the date of the meeting is set… But since the sanctions are tightening and risks the are growing, the commission is to assess he conditions, which we have already prepared, first,” he said.

He also said that the discussion on conditions of the deal is not over yet.

In July 2017, EDC said that its shareholders were ready to sell 51% of the company to Schlumberger.

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