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Pin to quick picksWood Group (J) Share News (WG.)

Share Price Information for Wood Group (J) (WG.)

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Share Price: 147.00
Bid: 147.40
Ask: 147.90
Change: -1.00 (-0.68%)
Spread: 0.50 (0.339%)
Open: 144.60
High: 149.50
Low: 144.60
Prev. Close: 148.00
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John Wood Group Enters New Sector In UK Through Valero Energy Deal

Tue, 16th Feb 2016 12:31

LONDON (Alliance News) - John Wood Group PLC Tuesday said it has entered into a new sector in the UK after securing a five-year framework agreement to provide services to the onshore Pembroke refinery in south-west Wales.

John Wood shares were down 2.7% to 570.0 pence per share on Tuesday afternoon.

The company has secured the contract from Valero Energy, an international manufacturer and marketer of transportation fuels, petrochemical products and power. John Wood will carry out the work through Wood Group Industrial Services and Wood Group PSN.

Wood Group Industrial Services is the industrial arm of Wood Group PSN, which focuses on providing pre-operations, hook up & commissioning, operations & maintenance, engineering, construction and project management to the energy industry.

"The contract signifies an important expansion for Wood Group into the UK petrochemical sector. Wood Group Industrial Services will deliver surface preparation and application of protective coatings under the contract, which has a one year extension option," said the oilfield services company.

By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance

Copyright 2016 Alliance News Limited. All Rights Reserved.

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7 Mar 2023 09:45

Britain's Wood Group may reject $1.98 bln Apollo buyout proposal

March 7 (Reuters) - John Wood Group said it may reject a sweetened 1.64 billion pound ($1.98 billion) buyout proposal from private-equity firm Apollo Global Management Inc , as it still undervalued the British oilfield services and engineering company.

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Wood Group rejects fourth takeover approach from Apollo

(Sharecast News) - Wood Group said on Tuesday that it was 'minded to reject' a fourth takeover approach from Apollo Global Management as it undervalues the business.

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Wood Group shares rally on unsolicited Apollo approach

MILAN, Feb 23 (Reuters) - Wood Group shares rallied more than 30% on Thursday after the British energy services provider said it had received and then rejected three unsolicited takeover proposals from U.S. private equity group Apollo Global Management.

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Wood Group rejects takeover offer from Apollo

(Sharecast News) - Wood Group said on Wednesday that it has rejected three unsolicited, preliminary and conditional takeover proposals from Apollo Global Management.

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TOP NEWS: John Wood rejects GBP1.6 billion Apollo takeover approach

(Alliance News) - John Wood Group PLC on Wednesday said it has rebuffed three unsolicited proposals for a takeover by Apollo Global Management Inc.

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