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The transaction, subject to regulatory approvals, would be on a cash-free, and debt-free, excluding transaction fees and expenses  The post ADNOC Drilling JV to acquire 95% stake in Deep Well Services for $223m appeared first on Gulf Business.

Gulf Business

ADNOC Drilling JV to acquire 95% stake in Deep Well Services

ADNOC Drilling and Alpha Dhabi have announced that their joint venture Enersol has agreed to acquire a 95 percent equity stake in Deep Well Services (DWS), for approximately $223 million including performance-based payments. The company said that the completion of the transaction is subject to obtaining the necessary regulatory approvals and other customary conditions precedent. The acquisition serves as an additional marker in building Enersol’…

GCC Business News

Enersol to acquire 95% equity stake in Deep Well Services

The Enersol JV formed by ADNOC Drilling and Alpha Dhabi Holding agreed to acquire a 95% equity stake in Deep Well Services (DWS) for $223 million, including performance-based payments. Completion of the transaction is subject to obtaining the necessary regulatory approvals and other customary conditions precedent. DWS delivers technologies and services within the energy sector. … The post Enersol JV acquires Deep Well Services appeared first on …

Drilling Contractor

Enersol JV acquires Deep Well Services - Drilling Contractor

Enersol, a joint venture between ADNOC Drilling and Alpha Dhabi, has entered into an agreement to acquire a 95% equity stake in Deep Well Services (DWS) for approximately $223m, inclusive of performance-based payments.

offshore-technology.com

Enersol to acquire 95% stake in Deep Well Services for $223m

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ADNOC Drilling JV to acquire 95% stake in Deep Well Services

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