One-Page Deal Sheet
TriCan Sells Russian Subsidiary to Rosneft
Rosneft Oil Company Trican Well Service Ltd.
Announced Date
August 20,2015
Transaction Type
Corporate
Location
Region
Russia
Country
Russian Federation
Transaction Details: Subscribe to see
Closing Announcement - August 20, 2015
Trican Well Service Ltd. has announced the closing of the sale of its Russian pressure pumping business to RN Assets LLC, a subsidiary of Rosneft Oil Company.
As previously announced, the transaction involves the sale of all shares of Trican Well Service LLC, an indirect wholly-owned subsidiary of Trican that holds the Russian pressure pumping business, to the Purchaser for a purchase price of US $150 million, or approximately CDN $196.7 million at the August 19, 2015 exchange rate of 0.7628, which amount is comprised of a purchase price of US $140…
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