Oil and gas giant Wood plc sold to Dubai engineering firm
Source: BBC
The Scottish corporate giant that has played a leading role throughout Aberdeen's oil and gas era is being taken over.Aberdeen-based Wood plc has seen its value plummet and was at risk of collapse. It is to become part of Sidara, an international engineering and design firm based in Dubai.A shareholder vote on Monday backed the takeover offer with 88% of votes cast after months of delay, while Wood struggled to…
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