Schlumberger’s £10billion-plus deal to buy Cameron International in the second-biggest tie-up taking place in the global energy services sector has cleared its final hurdle.
The deal was cleared by the Chinese authorities yesterday, clearing the way for the takeover to complete as of April 1, the firms said.
It comes a month after the deal cleared the merger regulation hurdle in Europe.
Schlumberger and Cameron jointly announced that the Chinese Ministry of Commerce (MOFCOM) has cleared their proposed merger without any conditions.