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

Published 09/10/2017, 10:01 am
Updated 09/10/2017, 10:10 am
© Reuters.  Australia's WorleyParsons to buy AFW's former oil & gas assets for $298 mln
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Oct 9 (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 ($298.22 million), marking its entry into the UK North Sea market.

WorleyParsons said in a statement on Monday that it would launch an A$322 million ($250.32 million) entitlement offer to pay for the acquisition. ($1 = 1.2863 Australian dollars) ($1 = 0.7645 pounds)

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