FAS hampers the deal between Schlumberger and Eurasia Drilling.
The attention of the Federal Antimonopoly service hampers the deal between Schlumberger and Eurasia Drilling.
The creation of the largest player in the Russian oilfield services industry with access to Western technology has been stalled. The Eurasia Drilling Company (EDC) has postponed the GDR delisting on the London Stock Exchange, which would have preceded the sale of a 45.65% stake in EDC to the American Schlumberger. The parties are waiting for the reaction of the Federal Antimonopoly Service (FAS), which recently became interested in the transaction. The service promises to give an answer before the end of the week, but there is no confidence that it will be positive. The investors are sceptical: the EDC shares collapsed by more than 13%.