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Schlumberger pays $1.7B for stake in Russian energy company

2015-01-20 14:29:39| Oil & Gas - Topix.net

Schlumberger will spend about $1.7 billion for a minority stake in a big Russian energy company at a time when the country's relations with the West are under strain and as energy prices hit multiyear lows. The world's largest oilfield services company will pay about $22 per share to acquire a 45.6 percent stake in Eurasia Drilling Co., which will go private and delist from the London Stock Exchange.

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