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Gulf Drilling acquired by GIS

: Wednesday, April 02 - 2014 @ 09:46

Qatar’s Gulf International Services (GIS) has signed a share purchase agreement (SPA) with Japan Drilling Co (JDC) to acquire all of JDC’s 30% shareholding in Gulf Drilling International (GDI), the Peninsula has reported. According to the deal, GIS shall own all of JDC’s shares in GDI starting May 1, 2014, making GDI a wholly-owned subsidiary of GIS.

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Wednesday, April 2- 2014 @ 9:46 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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