Schlumberger Sells its Remaining Holding in Atos Origin
Schlumberger Limited announced today that its subsidiaries, Schlumberger Investments Limited and Schlumberger S.A., have sold their entire residual holding in Atos Origin, amounting to a total of 9.7 million ordinary shares of Atos Origin, at a price of €48.50 per share in a private placement to institutional investors.
Following completion of the sale, which is subject to customary conditions, Schlumberger will not retain any participation in Atos Origin.
Schlumberger expects to apply the proceeds to reduce net debt.
Schlumberger and Atos Origin confirm the previously announced agreement whereby Atos Origin will provide outsourcing and systems integration services to Schlumberger over a maximum period of 7 years, up to a contract value of $700 million.
Schlumberger expects to apply the proceeds to reduce net debt.
Schlumberger and Atos Origin confirm the previously announced agreement whereby Atos Origin will provide outsourcing and systems integration services to Schlumberger over a maximum period of 7 years, up to a contract value of $700 million.
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