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.


28.04.2018 14:55
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 71.5973 +0.2483 25 jun
USD 62.9095 -0.2200 25 jun
Stock Market Indices
1D 1W 1M 1Y
rtsi 1387.06 +0.88 18:50 24 jun
micex 2762.65 +0.05 18:50 24 jun
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 232.38 +1.44 18:49 24 jun
lkoh 5270.00 -1.27 18:49 24 jun
rosn 416.45 -0.63 18:49 24 jun
sber 239.09 +0.45 18:49 24 jun
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 71.6850 +0.1250 14:59 24 jun
USDTD 62.9175 -0.2325 17:44 24 jun