HAL - Halliburton sells Russia operations to team of former employees
- Halliburton ( NYSE: HAL ) said Thursday it sold its Russia operations to a Russia-based management team made up of former employees of the firm.
- HAL no longer conducts operations in Russia.
- The Russia-based team now owns and operates HAL's former business in Russia under the name BurService, which is independent from HAL.
- Halliburton in Mar. suspended future business in Russia. According to J.P. Morgan, as much as 2% of HAL's revenue came from Russia .
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Halliburton sells Russia operations to team of former employees