Russia gives tentative nod to Schlumberger’s acquisition of EDC stake
Russia has given preliminary approval to a bid by U.S. oilfield services giant Schlumberger (SLB.N) to acquire up to 49 percent of Russia’s Eurasia Drilling Co (EDC), an unexpected decision given a chilling in U.S.-Russian relations. RIA news agency cited Igor Artemyev, head of Russia’s anti-monopoly body (FAS), as saying the regulator would quickly start talks with Schlumberger, the largest oilfield services company by revenue.
Source:: https://finance.yahoo.com/news/russia-gives-tentative-nod-schlumbergers-114632907.html
