Energy services giant Wood has agreed to divest its interests in some of its non-core businesses.
The sales, agreed in December, will raise around £21 million.
Wood is divesting its 41.65% stake in Centro Energia Teverola and Ferrara, two Italian based combined cycle gas power plants.
It is also offloading a 52% share in Power Machinery, a China based fabrication and manufacturing facility, and a 25% share in RMS A13 Holdings, a UK roadways group.
Wood has completed the sale of its 50% interest in the Voreas wind farm joint venture in Italy, initally announced in August 2018, raising almost £20m.
David Kemp, Wood chief financial officer, said: “Together, these transactions generate cash proceeds of around $54m and make a good contribution to our non-core asset disposal programme which is a key element of our deleveraging plan.
“Our asset disposal programme is ongoing and remains on track to generate over $200m of proceeds.”
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