November 28, 2018 / 9:50 AM / 13 days ago

Russian fund, UAE's Mubadala, Saudi Arabia in talks on drilling firm stake

MOSCOW (Reuters) - Russia’s sovereign wealth fund, Mubadala of the United Arab Emirates and Saudi Arabia are in talks to buy a 16 percent stake in Russian oil drilling firm Eurasia Drilling, the head of the Russian fund said on Wednesday.

The deal is awaiting approval from a government commission, Kirill Dmitriev, head of the Russian Direct Investment Fund, said at a conference in Moscow.

Reporting by Katya Golubkova; Writing by Tom Balmforth; Editing by Edmund Blair

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