John Wood Group PLC (OTCPK:WDGJF)
$ 0.7068 -0.0132 (-1.83%) Market Cap: 476.49 Mil Enterprise Value: 1.75 Bil PE Ratio: 0 PB Ratio: 0.18 GF Score: 50/100
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John Wood Group PLC Signed an Agreement for the Sale of its Built Environment Consulting Business to WSP Global Inc. Call Transcript

Jun 01, 2022 / 07:00AM GMT
Release Date Price: $3 (-1.38%)
Operator

Good day, and thank you for standing by. Welcome to the Sale of Built Environment Consulting Conference Call. (Operator Instructions)

Please be advised that today's conference is being recorded. (Operator Instructions)

I would now like to hand the conference over to your speaker today, Robin Watson. Please go ahead.

Robin Watson
John Wood Group PLC - CEO & Executive Director

Thank you. Good morning, everyone, and welcome. I'm here with David, David Kemp, our CFO. And we're delighted to let you know we've reached an agreement to sell our Built Environment business to WSP for gross cash proceeds of around USD 1.2 billion and a total enterprise value of USD 1.81 billion.

WSP, as you may know, is a global engineering and professional services company operating across the built and natural environment, and it's headquartered in Montreal, Canada. And they've been active in this space and offer a natural home for the business for our clients and, of course, for our people.

The consideration itself implies an earnings value

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