Alberta fund buys Precision Drilling stake
AIMCo offers C$280 million in debt, equity financing for land drilling contractor; Precision acquired Grey Wolf in late 2008
For Petroleum News
An investment arm of the Alberta government is taking up to a 19 percent ownership position in Precision Drilling Trust by way of a lifeline to keep one of the world’s largest land drilling contractors from being sucked into a debt bog.
Through the Alberta Investment Management Corp., AIMCo, which r....
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