WorleyParsons clarifies Dar Group share acquisition

By LNG World News Australian LNG engineering company WorleyParsons clarified the recent acquisition of the company’s shares by Dar Al-Handasah Consultants Shair and Partners Holdings (Dar Group).
On February 27, Dubai-based Dar Group informed it has acquired a 13.45 percent stake in WorleyParsons adding it intends to purchase additional shareholding in the company.
On March 2, WorleyParsons was informed by Dar Group that it reserves the right to increase its overall economic exposure in the company to 19.9 percent in the near term, the Australian company said in a filing to the stock exchange.
This follows WorleyParsons concluding that a confidential, highly conditional, indicative proposal to acquire

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