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.
This content is for Subscribers only
To access full Breakingviews.com content you must be a subscriber. Please use the following link to request a trial.