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Article: WOOD GROUP (JOHN) PLC - Acquisition(s).
- Article from:
- PR Newswire UK Disclose
- Article date:
- August 25, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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FOR IMMEDIATE RELEASE
August 25, 2009
MUSTANG INVESTS IN SAUDI ARABIAN ENGINEERING BUSINESS
Mustang Al-Hejailan Engineering to provide international engineering
capability to Saudi oil & gas industry
HOUSTON - Mustang International, LP, part of international energy services
company John Wood Group PLC ("Wood Group"), has agreed to acquire a majority
interest in Al-Hejailan Consultants' business through a newly established joint
venture, Mustang Al-Hejailan Engineering. Al-Hejailan Consultants, which is
injecting its gross assets of approximately $11m at June 30, 2009, will retain
the remaining interest. Upon completion later ...