Wood offloads stake in Ethos Energy to US private equity firm
Wood completes $138m deal to offload its controlling stake in Aberdeen’s Ethos Energy after “disappointing” third quarter.
Ethos Energy
Wood expects to make $165m after signing deals to sell non-core businesses
Wood Group (LON: WG) expects to make around $165m after signing separate sales agreements to sell two of its non-core businesses.
Wood targets organic growth but ‘always looking at portfolio rationalisation’
The CEO of Wood (LON: WG) has not ruled out further divestments as the firm continues to execute its medium and long-term targets.
Wood plans sale of stake in Aberdeen gas turbines firm Ethos Energy
Ethos Energy, majority owned by Wood, was launched as a £685m “super-firm” in 2014.
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