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IN BRIEF: John Wood completes UK transmission & distribution arm sale

30th Dec 2025 15:13

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.

Current stock price: 23.50 pence

12-month change: down 64%

By Christopher Ward, Alliance News reporter

Comments and questions to [email protected]

Copyright 2025 Alliance News Ltd. All Rights Reserved.


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Wood Group (J)
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