Schlumberger sells fracking unit as oil price cripples demand

Schlumberger sells fracking unit as oil price cripples demand

Oilfield services firm Schlumberger agreed to sell its North America shale fracking business to rival Liberty Oilfield Services LBTR.N, unloading a unit that underperformed during the shale bust. The sale comes less than three years after Schlumberger sought to expand...
UPDATE: KKR buys stake in Telecom Italia broadband project

UPDATE: KKR buys stake in Telecom Italia broadband project

Telecom Italia said it has accepted KKR Infrastructure’s €1.8bn binding offer to acquire a minority stake in a new co-investment project called FiberCop. The Italian telecommunications company said the agreement, which also involves Italian operator Fastweb, is the...
GIC, Brookfield buy $3.4bn India telecom tower firm from Reliance

GIC, Brookfield buy $3.4bn India telecom tower firm from Reliance

GIC, Brookfield Infrastructure Partners and a number of co-investors have completed the acquisition of a telecom tower company in India from Reliance Industrial Investments for about $3.4bn (€2.8bn). Brookfield will be investing $600m in the company, which owns...
EQT in talks with IK over French nursing homes business

EQT in talks with IK over French nursing homes business

Sweden’s EQT has entered into exclusive negotiations with IK Investment Partners to acquire French nursing homes business Colisée Group. Financial details were not disclosed. Founded in 1976 and headquartered in Paris, Colisée has been held by IK since 2017, when...