WorleyParsons to acquire Jacobs ECR

WORLEYPARSONS has made a move to acquire US based Jacobs Engineering Group’s energy, chemical and resources division, Jacobs ECR, in a US$3.3 billion (A$4.6 billion) transaction that the company says will drive its growth in emerging markets, and expand its potential across LNG and chemicals sectors.

WorleyParsons to acquire Jacobs ECR WorleyParsons to acquire Jacobs ECR WorleyParsons to acquire Jacobs ECR WorleyParsons to acquire Jacobs ECR WorleyParsons to acquire Jacobs ECR
 
The deal will be financed through a A$2.9 billion entitlement offer, as well as, a stock issuance from WorleyParsons worth A$985 million at a price of A$16.