Wood Group Gets Conditional Bid from UAE’s Sidara with Cash Injection

published:14/04/2025 08:12 GMT

Wood Group WG.L said on Monday that Dubai-based Sidara has made a conditional proposal for the British oilfield services and engineering firm, comprising 35 pence apiece and a possible cash injection of US$450 million. Wood Group resumed deal discussions in February after Sidara, which had previously withdrawn its acquisition plans last year due to rising geopolitical risks and financial market uncertainty, made multiple rejected approaches. Sidara's latest offer, valuing Wood Group at about...More