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Canadians Bet on Brazilian Mine Driller

Mar 6, 2012

Canada’s Foraco International, a global mine drilling company, has agreed to acquire a controlling share of Brazilian mine drill services player WFS Sondagem, or Servitec. Under the deal, Foraco would pay BRL35.65m ($20.5m) in cash, and 4.8m shares of Foraco in exchange for a 51%...

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