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BREAKING NEWS

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

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

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(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, marking its entry into the UK North Sea market. WorleyParsons said in a statement on Monday that it would launch an A$322 million entitlement offer to pay for the acquisition.

(Reporting by Susan Mathew in Bengaluru; Editing by Byron Kaye and Richard Chang)
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