Brookfield Capital boosts stake in CWC Energy to 70%

Brookfield Capital Partners Ltd. said Friday it bought 8.1 million shares of CWC Energy Services Corp. under a Private Agreement Exemption. The agreement calls for Brookfield to pay 12 cents a common share for the stake. CWC is a contract drilling and well servicing company operating in the Western Canadian Sedimentary Basin with a complementary suite of oilfield services including drilling rigs, service rigs, and coil tubing. Brookfield now owns 204.6 million shares or about 70 percent of CWC.

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