Schlumberger Could Get $800 Million For Oilfield Supply Distribution Operations -Bloomberg
March 15 2012 - 3:05PM
Dow Jones News
Schlumberger Ltd. (SLB) may receive up to $800 million in the
sale of its oilfield supply distribution unit, Bloomberg News
reported Thursday, citing people with knowledge of the matter.
The division includes Wilson International and a 56% stake in CE
Franklin Ltd. (CFK). In February, Schlumberger said in a regulatory
filing that it would explore possible transactions involving its CE
Franklin stake.
The distribution business had sales of more than $2.6 billion
last year, Bloomberg said.
Full story at
http://www.bloomberg.com/news/2012-03-14/schlumberger-is-said-to-seek-buyer-for-oilfield-supply-business.html
-Dow Jones Newswires; 212-416-2900
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