EU: Greenlights $14.8 billion Schlumberger merger

By CPI | February 11, 2016

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

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.

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