Key Energy Services has closed on
the sale of its well intervention business
in Russia to an undisclosed buyer for an
undisclosed amount. “The sale of Key’s
Russian Business marks
the culmination of the
strategic initiative set
forth in early 2015 to fully-exit markets
outside of the US,” Key CEO Robert
Drummond said. During Key’s Q2
earnings call, CFO Marshall Dotson
predicted Key would raise $5-10 million
in H2 asset sales, which would include the
Russia......
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