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AMFW - Amec Foster Wheeler News Story

$7.01 -0.0  -0.6%

Last Trade - 06/10/17

Sector
Energy
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £4.93bn
Position in Universe th / 6709

Australia's WorleyParsons to buy AFW's former oil & gas assets for $298 mln

Mon 9th October, 2017 12:01am
Oct 9 (Reuters) - Australian engineering firm WorleyParsons 
Ltd  WOR.AX  said on Monday it would buy the former upstream oil 
and gas assets of Britain's Amec Foster Wheeler Plc  AMFW.L  for 
228 million pounds ($298.22 million), marking its entry into the 
UK North Sea market. 
    WorleyParsons said in a statement on Monday that it would 
launch an A$322 million ($250.32 million) entitlement offer to 
pay for the acquisition. 
 
 
($1 = 1.2863 Australian dollars) 
 
($1 = 0.7645 pounds) 
 
 (Reporting by Susan Mathew in Bengaluru; Editing by Byron Kaye 
and Richard Chang) 
 ((susan.mathew@thomsonreuters.com; +91-80-6749-1130; Reuters 
Messaging: susan.mathew.thomsonreuters.com@reuters.net)) 
 
Keywords: AMEC FOSTER M&A/WORLEYPARSONS
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