Showing posts with label GE Energy. Show all posts
Showing posts with label GE Energy. Show all posts

Friday, June 3, 2011

Wood Group family sell most of stake in oil services company for £366m

Sir Ian Wood's family and charities are selling most of their £400m stake in Wood Group, the oil services company, as part of a £1bn share buy-back programme.

Wood Group is returning more than £1bn to its shareholders through the scheme, after selling its well support division to GE Energy last month.