Clough reviewing status of its marine construction businessCompany News // July 19, 2011
Clough in Australia has released the following statement about its marine construction business:
"Further to the article in today’s Financial Review, engineering and construction company Clough Limited (ASX:CLO) confirmed that it is currently in discussions with SapuraCrest Petroleum Berhad (SapuraCrest) regarding its marine construction business.
"These discussions may result in a sale transaction, cooperation and/or other business arrangement.
"Whilst the parties continue to make good progress with their discussions, no binding arrangements have been entered into and there is no assurance that any transaction will ultimately be agreed or consummated with SapuraCrest or any other company.
"Clough will provide further updates to the market on these discussions as appropriate."