October 9, 2017 / 6:26 AM / in 12 days

BRIEF-Amec Foster sells majority of UK North Sea units for 228 mln stg

Oct 9 (Reuters) - Amec Foster Wheeler Plc:

* AMEC FOSTER - DISPOSAL OF MAJORITY OF UK NORTH SEA OPERATIONS

* AMEC FOSTER WHEELER - ‍TODAY ENTERED INTO AGREEMENT TO SELL MAJORITY OF UK NORTH SEA OPERATIONS TO WORLEYPARSONS EUROPE LIMITED, FOR £228 MILLION​ IN CASH

* AMEC FOSTER WHEELER PLC - ‍“BUSINESS BEING SOLD CONSISTS OF MAJORITY OF AMEC FOSTER WHEELER‘S UK UPSTREAM OIL AND GAS BUSINESS LOCATED IN UK” ​

* AMEC FOSTER WHEELER PLC - ‍TRANSACTION IS EXPECTED TO CLOSE AT END OF OCTOBER 2017​

* AMEC FOSTER WHEELER PLC - ‍CASH PROCEEDS WILL BE USED TO REDUCE NET DEBT​

* AMEC FOSTER WHEELER PLC - CO ‍ADVISED ON DISPOSAL BY ROTHSCHILD​ Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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