Shares of Eurasia Drilling fall by 9% against the background of problems around its deal with Schlumberger

The shares of the Russian company Eurasia Drilling have fallen by 9.14% to $10.94 on the London Stock Exchange. The decline in the value of the company’s securities takes place against the background of mass media’s reports that Russia will block the transaction on sale of 46% of the Eurasia Drilling Company’s shares to US oilfield services company Schlumberger because of issues, related to national security.

In particular, it was written by the Bloomberg, which referred to its sources.

As  TASS reported, previously head of the EDC’s Department of Investor Relations,  Tom O'Gallaher said that the problems with the transaction for the purchase of 46% of the Eurasia Drilling’s shares by Schlumberger were political. Gallagher then noted that following Foreign Investment Commission’s meeting might take place before the end of the summer.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer