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John Wood Group PLC - Aberdeen, Scotland-based oilfield services and engineering consulting firm - Completes sale of its 50% stake in RWG Repair & Overhauls Ltd to joint venture partner Siemens Energy AG, as originally announced back in July, for $151 million. The sale completed on Wednesday this week, says John Wood. The RWG stake was sold by subsidiary JWG Investments Ltd to Siemens Energy company Siemens Energy Global GmbH & Co KG.
On Tuesday, John Woods said it has completed the sale of its UK Transmission & Distribution engineering business to UI Telecoms & Power Holdco Ltd, for £57.5 million.
Current stock price: 23.62 pence, down 0.3% on Friday morning in London
12-month change: down 65%
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