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Announcement Transcript.pdf

Sale-of-Built-Environment-Consulting-transcipt-01.06.22.pdf
Preview of Announcement transcript
🔗 Source: woodplc.com
📊 Size: 97 KB
👤 Author: Global Lingo
⬇️ Downloads: 40

Summary

Wood Group has agreed to sell its Built Environment consulting business to WSP for $1.9 billion, with a total enterprise value of $1.81 billion. The sale is expected to complete in the second half of 2022, subject to regulatory and shareholder approval. The company plans to use the proceeds to reduce debt and improve its balance sheet, with a focus on energy transition and energy security markets. The sale will result in a pro forma net cash position and is expected to unlock significant value for shareholders. Wood Group will retain a strong consulting business with over 3,500 professionals and will continue to focus on delivering value for clients, people, and shareholders.

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Description

Wood Group has agreed to sell its Built Environment consulting business to WSP for $1.9 billion, with a total enterprise value of $1.81 billion.

Technical Information

  • File Format: PDF
  • File Size: 97 KB
  • Pages: 5
  • Language: EN
  • Author: Global Lingo
  • Total Downloads: 40
  • Last Updated: 3 hours ago

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