Tuesday, January 5, 2010

Worleyparsons Limited To Acquire CNEC Engenharia SA | Reuters.com

Business & Financial News, Breaking US & International News | Reuters.com

Sunday, 3 Jan 2010 06:02pm EST

Worleyparsons Limited and Brazilian conglomerate Camargo Correa announced an agreement for the Company to acquire CNEC Engenharia (CNEC), the stand alone engineering and project management operation of the Camargo Correa E&C division. The purchase price will be BRL170.0 million comprising BRL130.0 million in consideration and BRL40.0 million which will be initially retained by the business as a non-core asset."

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