RE: Neck13 Jan 2022 13:59
Wood Group Prepares Sale of $2.7 Billion Consultancy Unit
Sale plan follows full review of built environment business
JPMorgan, Morgan Stanley working to identify potential buyers
By
Dinesh Nair
12 January 2022, 17:21 GMT
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John Wood Group Plc is planning a sale process for its business helping governments and companies assess environmental risks, according to people familiar with the matter.
The Aberdeen-based consulting and engineering group is working with JPMorgan Chase & Co. and Morgan Stanley to identify potential buyers for the built environment business following a strategic review, the people said. The unit could be valued at about 2 billion pounds ($2.7 billion) in a deal, the people said, asking not to be identified because the information is private.