Schlumberger to Pay $1.7 Billion for 46% Stake in Russia's Eurasia Drilling
January 20 2015 - 3:37AM
Dow Jones News
By Alexander Kolyandr
MOSCOW--Russia's largest drilling company Eurasia Drilling Co.
said Tuesday the world's largest oil-field services company
Schlumberger Ltd. will acquire a 45.65% stake in the company for
$1.7 billion.
As part of the deal, Eurasia will delist its shares from the
London Stock Exchange, the company said.
The agreement includes an option for Schlumberger to buy the
rest of Eurasia Drilling's shares three years after the deal
closes. The deal is expected to close by the end of the first
quarter, the company said.
Write to Alexander.Kolyandr at Alexander.Kolyandr@wsj.com
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