Clough sells Shedden Uhde stake

ENGINEERING company Clough has moved to cut back on its non-core investments, selling its equity stake in fellow engineering firm Shedden Uhde for $40 million.

Clough sells Shedden Uhde stake Clough sells Shedden Uhde stake Clough sells Shedden Uhde stake Clough sells Shedden Uhde stake Clough sells Shedden Uhde stake

The now separated companies will still retain the engineering services cooperation agreement which allows Clough to access Uhde subsidiary Shedden's engineering expertise and resources in Australia

loader