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Wood Confirms New Takeover Approach From Sidara

25/02/2025

The Board of Wood notes the recent media speculation and confirms that it has received an approach from Dar Al-Handasah Consultants Shair and Partners Holdings ('Sidara') in relation to a possible offer for the entire issued and to be issued share capital of the Company.

Wood shareholders are advised to take no action in relation to the Proposal.

There can be no certainty either that an offer will be made nor as to the terms of any offer, if made. A further announcement will be made when appropriate.

Sidara is required, by not later than 5.00 p.m. on 24 March 2025, to either announce a firm intention to make an offer for the Company or announce that it does not intend to make an offer for the Company.

KeyFacts Energy Industry Directory: Wood   l   KeyFacts Energy: Acquisitions & Mergers news

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