Block energy to buy schlumberger b.v. unit

Entered into sale & purchase agreement with schlumberger b.v. to acquire its subsidiary schlumberger rustaveli company limited.consideration for acquisition will be satisfied by issue of share options.deal will give schlumberger right to acquire 120 million 0.25p ordinary shares, representing 23.3% of co's enlarged ordinary share capital.schlumberger right to acquire ordinary shares will happen at nil exercise price.srcl is being acquired on a debt-free, cash-free basis.
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