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Russia to decide on Schlumberger bid for Eurasia Drilling in 2-3 weeks

May 21, 2015 7:53 AM ETSchlumberger Limited (SLB) StockSLBBy: Carl Surran, SA News Editor
  • The Russian government should decide on Schlumberger's (NYSE:SLB) bid for Eurasia Drilling in two to three weeks, an official from Russia's Federal Antimonopoly Service says, adding that FAS had no objections to the deal from a competition point of view.
  • SLB announced in January that it planned to buy a 45.65% in Eurasia for ~$1.7B but the deadline for the deal has been extended several times following questions from FAS and Russia's Commission on Foreign Investment.

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