IN BRIEF: John Wood completes UK transmission & distribution arm sale

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John Wood Group PLC - Aberdeen, Scotland-based oilfield services and engineering consulting firm - Completes the sale of its UK Transmission & Distribution engineering business to UI Telecoms & Power Holdco Ltd. The sale was first announced on December 10, and was for a cash consideration of £57.5 million, with the company noting cash proceeds of around £55.1 million after transaction costs.

Current stock price: 23.50 pence

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