Wood Group

1-15 of 46 Articles
Clock icon 2 minutes

Sidara has tabled a formal £216 million bid to acquire the Aberdeen-based energy services giant Wood Group, valuing the company at 30p per share.

Clock icon 2 minutes

Aberdeen-based engineering giant Wood Group is moving closer to a takeover by Dubai-headquartered Sidara, despite the bidder slashing its offer price by 14%.

Clock icon 2 minutes

UAE-based suitor Sidara is considering a cut to its takeover price for Wood Group, citing concerns over the Aberdeen-headquartered engineering firm’s ongoing investigation by the Financial Conduct Authority (FCA).

Clock icon 2 minutes

Wood Group's wholly-owned subsidiary, JWG Investments Limited, has agreed to sell its 50% stake in RWG (Repair & Overhauls) Limited to its joint venture partner, Siemens Energy, for a cash consideration of $135 million (c. £100m). The transaction is a key part of Wood's previously announce

Clock icon 1 minute

The Financial Conduct Authority (FCA) has launched an investigation into Aberdeen-based energy services company, Wood Group, following the discovery of "material weaknesses and failures" in the firm's financial culture.

Clock icon 2 minutes

Aberdeen-based oil services firm Wood Group has announced significant North Sea contract extensions totalling $118 million (c. £93m) as the company remains the subject of a takeover approach from Dubai-based Sidara.

Clock icon 2 minutes

Wood Group has appointed Iain Torrens as interim chief financial officer (CFO). Mr Torrens will also join the company’s board as an executive director, effective immediately. His appointment is interim while the company conducts a comprehensive search process for a permanent CFO, followin

1-15 of 46 Articles