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Dubai's Sidara offers £1.56B takeover bid for Aberdeen's Wood Group, pushing shares up 33%.
Aberdeen's Wood Group received a new takeover offer from Dubai's Sidara, causing its shares to rise by 33%.
This follows Sidara's previous attempt last year, which was abandoned due to market turmoil.
Wood Group, facing financial troubles and heavy debts, provides engineering services to the oil and mining sector in over 60 countries.
The new bid is valued at around £1.56 billion, less than a previous £1.6 billion offer.
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Sidara de Dubai ofrece £1.56B oferta de adquisición para Aberdeen Wood Group, empujando a las acciones a un 33%.