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Tuesday, 28 June 2016

Ensco swallows Pride to take fast boat to Brazil

Fast boat to Brazil

The British driller has been a latecomer to Brazil's deepwater gold rush. With its $7.3 bln purchase of U.S. rival Pride, it enters the market with a bang. For its money Ensco gets a state of the art deepwater fleet. But even allowing for synergies the price tag looks stiff.

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