3i, the UK-based private equity group, is selling its stake in Reeves Oilfield Services to a subsidiary of Precision Drilling Corporation, a Canadian and US listed oilfield services company.

Reeves Oilfield Services, based in the UK, develops data logging tools which it uses to provide oil and gas well logging services to energy companies.

Precision Drilling

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Research group GfK’s measure of consumer confidence climbed to minus 18 in November’s survey from minus 21 in October.

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News in brief: 3i sells Oilfield stake

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