Wood sells off industrial services business in $118m deal

Funds to be used to help reduce debt as company continues portfolio rationalisation strategy

Strategy: Wood chief financial officer David Kemp says the sale is the latest divestment aimed at maintaining the company's strong balance sheet
Strategy: Wood chief financial officer David Kemp says the sale is the latest divestment aimed at maintaining the company's strong balance sheetFoto: WOOD
Published 6 February 2020, 01:41Updated 6 February 2020, 10:09