Wood Sells Nuclear Business to Cut Debt

GALWAY, IRELAND--September 4, 2019--Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--U.K. energy services group Wood Group (LSE:WG) (Aberdeen, Scotland) has announced the sale of its nuclear business for £250 million ($306 million) to Jacobs Engineering Group Incorporated (NYSE:JEC) (Dallas, Texas) as part of its efforts to reduce debt.

Within this article: Details planned sale, value, impact, projects underway