Share Search
Visit the Share Search
Wood Group gets CMA approval for nuclear business sale
4th Mar 2020 12:24
(Sharecast News) - The Competition and Markets Authority has approved the sale of John Wood Group's nuclear business to Jacobs Engineering.
Wood Group said that it and Jacobs continue to work towards completion of the deal, which is expected later this month.
Wood announced last August that it had agreed to sell the nuclear business - which designs, delivers and maintains strategic and complex nuclear assets for customers primarily in the UK - for ?250m in cash.
At 1220 GMT, the shares were up 3.8% at 373.50p.
Wood Group said that it and Jacobs continue to work towards completion of the deal, which is expected later this month.
Wood announced last August that it had agreed to sell the nuclear business - which designs, delivers and maintains strategic and complex nuclear assets for customers primarily in the UK - for ?250m in cash.
At 1220 GMT, the shares were up 3.8% at 373.50p.