IN BRIEF: John Wood completes UK transmission & distribution arm sale
John Wood Group PLC - Aberdeen, Scotland-based oilfield services and engineering consulting firm - Completes the sale of its UK Transmission & Distribution engineering business to UI Telecoms & Power Holdco Ltd. The sale was first announced on December 10, and was for a cash consideration of GBP57.5 million, with the company noting cash proceeds of around GBP55.1 million after transaction costs. Read More