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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 / 6715

BRIEF-Amec Foster sells majority of UK North Sea units for 228 mln stg

Mon 9th October, 2017 7:00am
Oct 9 (Reuters) - Amec Foster Wheeler Plc  AMFW.L : 
    * AMEC FOSTER - DISPOSAL OF MAJORITY OF UK NORTH SEA 
OPERATIONS 
    * AMEC FOSTER WHEELER  - TODAY ENTERED INTO AGREEMENT TO 
SELL MAJORITY OF UK NORTH SEA OPERATIONS TO WORLEYPARSONS EUROPE 
LIMITED, FOR £228 MILLION IN CASH 
    * AMEC FOSTER WHEELER PLC - "BUSINESS BEING SOLD CONSISTS 
OF MAJORITY OF AMEC FOSTER WHEELER'S UK UPSTREAM OIL AND GAS 
BUSINESS LOCATED IN UK"  
    * AMEC FOSTER WHEELER PLC - TRANSACTION IS EXPECTED TO 
CLOSE AT END OF OCTOBER 2017 
    * AMEC FOSTER WHEELER PLC - CASH PROCEEDS WILL BE USED TO 
REDUCE NET DEBT 
    * AMEC FOSTER WHEELER PLC - CO ADVISED ON DISPOSAL BY 
ROTHSCHILD 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nRSI9977Sa 
Further company coverage:  AMFW.L  
 
 (Bengaluru Newsroom) 
 ((+91 806 749 1136;))
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