Rowan (RDC +3%) is selling its land drilling business to Ensign Energy Services (ESVIF.PK +1.4%)...


Rowan (RDC +3%) is selling its land drilling business to Ensign Energy Services (ESVIF.PK +1.4%) in a deal worth $510M, plus ~$30M in working capital. Rowan says the sale is part of its strategy to shed non-core businesses, and proceeds will be invested in offshore drilling. (PR)

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