Govt commission preliminarily lets Schlumberger buy 25Ц49% in EDC - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Govt commission preliminarily lets Schlumberger buy 25Ц49% in EDC

GORKI, Moscow Region, Apr 28 (PRIME) -- The Russian governmentТs commission for foreign investments control has preliminarily approved a request by U.S. Schlumberger to acquire between 25% plus one share and 49% in Eurasian Drilling Company (EDC), Director Igor Artemyev told reporters on Saturday.

УThe governmentТs commission has decided that the Russian government would not like to give control, or 50% plus one share but set the brackets of a blocking stake, or from 25% plus one to even 49% of the shares and has ordered the Federal Antimonopoly Service to start corresponding negotiations with Schlumberger,Ф Artemyev said.

The deal will contain several restrictions, he said.

EDC said in July 2017 that its shareholders approved sales of a 51% stake in the company to Schlumberger. In November, Deputy Director of the Federal Antimonopoly Service Andrei Tsyganov said that the service and Schlumberger were working on a mechanism to protect the companyТs investment in EDC and Russian economic interests in case of new Western sanctions.

End

28.04.2018 14:55
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.0753 +0.3224 22 sep
USD 66.2497 -0.2228 22 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1149.53 +0.78 18:50 21 sep
micex 2426.80 +1.08 18:50 21 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 158.64 +2.78 18:49 21 sep
lkoh 4737.50 +0.78 18:49 21 sep
rosn 440.40 +0.39 18:47 21 sep
sber 193.44 +1.19 18:49 21 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 78.0275 -0.1025 14:59 21 sep
USDTD 66.5250 -0.2275 17:44 21 sep