Article: Saudi Arabia: Wood Group (JOHN) Mustang Invests In Saudi Engineering Ops.

Byline: prashant03

Mustang International, LP, part of international energy services company John Wood Group PLC (WG.LN), announced Tuesday it has agreed to acquire a majority interest in Al-Hejailan Consultants' business through a newly established joint venture, Mustang Al-Hejailan Engineering.

MAIN FACTS:

-Al-Hejailan Consultants, which is injecting its gross assets of $11 million at June 30, will retain the remaining interest.

-Upon completion later this year, Mustang Al-Hejailan Engineering will provide engineering and project management services to Saudi Arabia's oil & gas and chemical industries.

-Mustang brings a track ...

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