One of the largest companies in Scotland, the engineering giant Wood Group, has received an acquisition approach of £ 242 million.
Wood Sidara, based in Dubai, based in Dubai, had conducted the survey.
Wood’s Board of Directors said they would be “Mind to turn on” The deal.
The company grew from the northern sea boom to become a global engineering contractor, which operates in doses of countries, with tens of thousands of workers.
The new proposition agreement occurs almost a year after the conversations on an previous acquisition approach from Sidara collapsed.
Wood’s shared value has fallen since then.
In February, Wood confirmed it, he restarted acquisition conversations with the EU -based organization, before extending the discussions last month.
On Monday, the company said: “The wooden board currently believes that possible sacrificers are the best option for shareholders, creditors and other interested parties of Wood.
“The wooden board has indicated to Sidara that, if an offer is made in the established terms, it would be a mind to recommend the offer to Wood’s shareholders, subject to an agreement of the complete terms and conditions.”
