May 22, 2018 / 3:41 PM / a month ago

Weatherford mulls sale of larger business in bid to pay down debt

HOUSTON, May 22 (Reuters) - Weatherford International Plc may need to sell one of its larger businesses next year as the company seeks to pay down debt, chief executive officer Mark McCollum said on Tuesday at a conference in Austin, Texas.

The company also still has “multiple options” for the sale of its land rig business, McCollum said. (Reporting by Liz Hampton)

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