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flag Dubai's Sidara offers £1.56B takeover bid for Aberdeen's Wood Group, pushing shares up 33%.

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

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