Announced
Financials
Sources
Tags
oil and gas company
Majority
Single Bidder
Private
Friendly
Pending
Domestic
Russian Federation
Integrated Oil and Gas
Acquisition
Mbo
Synopsis
The management of Oilfield Services business in Russia agreed to acquire the unit from Baker Hughes, an American international industrial service company. Financial terms were not disclosed. The new business will operate independently of Baker Hughes – including an independent brand – and it will assume all current OFS Russia assets, liabilities and commercial obligations.
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