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Dar Al-Handasah

  • Wood Group shares plunge 40 per cent after bidder Sidara walks away citing ‘geopolitical risks’

    Energy

    Dubai-based engineers Sidara has brought an end to takeover talks with London-listed John Wood, citing "rising geopolitical risks" and "financial market uncertainty".

    The Emerati firm Sidara said on Monday that it "did not intend to make a firm offer" for FTSE 250 constituent Wood, after months of speculation and preliminary bids.

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