Gulf Oil and Gas accountACCOUNT

Completing Acquisition of Affiliate Interests in MWKL

Source: www.gulfoilandgas.com 1/3/2011, Location: Europe

KBR announced that it has completed the acquisition of the 44.94 percent share interest in M.W. Kellogg Limited (MWKL) previously held by JGC Corporation. With the completion of the transaction, MWKL, which was previously an affiliate of both companies since 1992, is again a wholly-owned KBR subsidiary. The Agreement to enter into the transaction was previously announced on December 20, 2010. The purchase price was £106.6 million (approximately US$165 million), subject to certain post-closing adjustments.

MWKL, which has operated for over 60 years in the UK, will continue its operations in Greenford, UK. The organization will complement KBR's existing Leatherhead operations, which jointly will serve as the company's London Center of Operations, creating one of the largest engineering and construction organizations in the UK.

"We are pleased to fully integrate MWKL back into the KBR family. The organization has played a key role in defining KBR's rich legacy in the LNG and other hydrocarbons markets," said William P. Utt, KBR Chairman, President and CEO. "The opportunity to consolidate our ownership of MWKL fits KBR's long-term strategy to enhance the range, flexibility and efficiency of KBR's LNG and hydrocarbons offerings to our customers."

Mergers and Acquisitions News in United Kingdom >>

India >>  4/17/2019 - Saudi Aramco is in “serious discussions” to acquire a 25 percent stake in the refining and petrochemical businesses of India’s Reliance Industries, ac...
Japan >>  4/17/2019 - Reliance Ethane Holding Pte. Ltd. (“REHPL”) (incorporated in Singapore, a wholly owned subsidiary of Reliance Industries Limited (“RIL”), having 100%...

Malaysia >>  4/15/2019 - PETRONAS has entered into an agreement with I Squared Capital, a leading global infrastructure investor, to acquire 100% interest in Amplus Energy Sol...
Saudi Arabia >>  4/15/2019 - The Saudi Arabian Oil Company (Saudi Aramco) and Hyundai Heavy Industries Holdings today announced that they have reached an agreement for Saudi Aramc...

United Arab Emirates >>  4/15/2019 - Twelve Seas Investment Company (Twelve Seas) (TWLV), a company formed for the purpose of entering into a business combination, and a United Arab Emira...
United States >>  4/12/2019 - Chevron Corporation has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko i...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United Kingdom Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 |

More News

Related Links

00 AL AT BE BG CH CY CZ DE DK ES FI FR GR HR HU IE IT NL NO PL PT RO SE SI TR UK
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.