Allen & Overy and King & Spalding lead on £660m cross-border drilling merger

Scots firm's Middle East merger hands lead roles to magic circle and US firms

Allen & Overy (A&O) and King & Spalding have taken lead roles on the £660m merger of drilling contractors KCA Deutag and Dalma Energy.

Aberdeen-headquartered KCA Deutag has agreed to merge with Oman-based Dalma Energy, a deal that will create a combined company operating 100 rigs across Africa, Europe, Russia, the Middle East, the Caspian Sea, Southeast Asia and the Americas.

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