Amec Foster Wheeler assets bought by Australia’s WorleyParsons

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Australian engineering firm WorleyParsons Ltd is to enter the North Sea market with the purchase of the former upstream oil and gas assets of Amec Foster Wheeler for £228m.

AFW was prompted to see its upstream assets to satisfy the UK’s Competition And Markets Authority (CMA) before being bought by John Wood Group Plc in the proposed £2.2billion deal.

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