Weatherford Sells 50 Percent of Sunita Hydrocolloids Inc. Joint Venture
(WorldNews Switzerland)

BAAR, Switzerland, July 20, 2018 /PRNewswire/ -- A subsidiary of Weatherford International plc (NYSE: WFT) (the `Company` or `Weatherford`) today announced it has sold all of its ownership interest in Sunita Hydrocolloids Pvt Ltd (SHPL). SHPL is a joint venture formed by Weatherford and its joint venture partners in 2007 and is a leading manufacturer and supplier of natural and chemically modified guar gum used as a gelling agent for Pressure Pumping. Weatherford has sold its stake to the joint venture partners for an...