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EU: Greenlights $14.8 billion Schlumberger merger

By  |  February 11, 2016

European Union regulators have granted unconditional clearance to the pending merger between Schlumberger and equipment firm Cameron.

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    The companies said on Monday that the European Commission has cleared their proposed merger without any conditions following a Phase 1 review.

    The deal must now win approval from the Ministry of Commerce in China.

    The Chinese authorities started their 30-day Phase 1 review process on February 4, 2016, the companies said.

    Last month, Cameron stockholders voted to approve the merger.

    Full content: Petro Global News

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