Schlumberger to buy controlling 51% stake in Russia’s EDC
MOSCOW, Jul 21 (PRIME) -- Schlumberger plans to buy 51% in Russian oilfield servicing company Eurasia Drilling Company (EDC), EDC said in a statement seen by PRIME on Friday.
“Eurasia Drilling Company Limited announces that its shareholders have today agreed to sell to Schlumberger 51% of the total issued share capital of the company. The signed agreement is subject to the satisfaction of customary conditions, including approval by the Federal Antimonopoly Service of Russia,” the company said.
End
21.07.2017 08:33