2nd Jan 2026 11:39
John Wood Group PLC - Aberdeen, Scotland-based oilfield services and engineering consulting firm - Completes sale of its 50% stake in RWG Repair & Overhauls Ltd to joint venture partner Siemens Energy AG, as originally announced back in July, for USD151 million. The sale completed on Wednesday this week, says John Wood. The RWG stake was sold by subsidiary JWG Investments Ltd to Siemens Energy company Siemens Energy Global GmbH & Co KG.
On Tuesday, John Woods said it has completed the sale of its UK Transmission & Distribution engineering business to UI Telecoms & Power Holdco Ltd, for GBP57.5 million.
Current stock price: 23.62 pence, down 0.3% on Friday morning in London
12-month change: down 65%
By Christopher Ward, Alliance News reporter
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