WOR 0.86% $13.86 worley limited

Oct 9 (Reuters) - Worleyparsons Ltd (WOR) acquisition of AFW UK...

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    Oct 9 (Reuters) - Worleyparsons Ltd (WOR)

    • acquisition of AFW UK and associated capital raising
    • Deal for enterprise value £182 million (a$303 million)
    • entered into a binding agreement to acquire AFW UK Oil & Gas Limited
    • Deal is expected to be EPS accretive to WorleyParsons and reduce net debt / EBITDA
    • total acquisition consideration is £228 million
    • entitlement offer will be used to fund 100% of AFW UK enterprise value pre-adjustments
    • acquisition will be funded through entitlement offer of approximately $322 million
 
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