Petro Welt Technologies AG Acquires Proppant Manufacturing Company in Russia
CARBO Ceramics (Eurasia) purchased by Austrian service company.
Vienna/Moscow, July 27, 2017 - Petro Welt Technologies AG, one of the leading international OFS providers, and CARBO Ceramics Inc., a global technology company that provides products and services to the oil and gas and industrial markets, have signed a Share Purchase Agreement for the acquisition of all the shares of CARBO Ceramics Cyprus Limited, which owns a proppant manufacturing facility in Kopeysk, Russia, at a purchase price of USD 22 million. Both parties intend to close the transaction during the third quarter of 2017, subject to approval by the Russian Federal Antimonopoly Agency.
Dirk Moser-Delarami (Grayling Austria GmbH)
T: +43 1 524 4300 34 | M: +43 664 605 08 801
27-Jul-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de