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$SLB Schlumberger asks Russian regulator to OK Eurasia

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eFinanceMarkets   Thursday, 07/27/17 11:47:14 AM
Re: Timothy Smith post# 178
Post # of 197 
$SLB Schlumberger asks Russian regulator to OK Eurasia Drilling deal

Schlumberger (SLB -0.2%) reportedly has applied to Russia's anti-monopoly bureau for approval of a deal to buy 51% stake in Eurasia Drilling.

SLB agreed in 2015 to buy 45.65% of Eurasia Drilling for $1.7B but the deal fell through after Russia's Federal Antimonopoly Service repeatedly postponed its approval.

The deal likely will further test the chilly ties between Russia and the U.S.

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