Eurasia Drilling, Schlumberger merger on hold

Offshore staff

LONDON – The proposed Eurasia Drilling Co. Ltd. and Schlumberger B.V. merger date will change following a Russian Federal Anti-Monopoly Service (FAS) request for information.

Eurasia Drilling has said the filing of the plan of merger with the Cayman Islands Registrar of Companies, payment of the merger consideration to the company’s shareholders and by The Bank of New York Mellon (as depositary) to holders of the company’s global depositary receipts, and the delisting of the GDRs from the London Stock Exchange, will not occur on the dates announced.

Eurasia Drilling has said it will address the timing of the transaction once all conditions in the merger agreement have been satisfied, including confirmation that Schlumberger and Eurasia have responded to all information requests and that no further notification to, or review by, FAS is required.

02/23/2015

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