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Interserve PLC Entered Into Agreement To Acquire Willbros Middle East Limited And Subsidiaries USD41.3 Million

Monday, 7 Jan 2013 02:15am EST 

Interserve PLC announced it has entered into an agreement to acquire Willbros Middle East Limited and its subsidiaries which provide oil field maintenance, construction and logistics services. These subsidiaries, the foremost of which is The Oman Construction Company (TOCO), will be owned 85% by Interserve and 15% by the Omani partner. Total cash consideration of USD41.3 million.