What percentage did Sidara cut its bid for Wood Group?

Sidara cut its takeover proposal for Wood Group by about 14% to 30 pence per share.

What is the new valuation of Wood Group based on Sidara's bid?

The reduced bid values Wood Group at 207.6 million pounds ($280.45 million) according to Reuters calculations.

Why did Wood Group delay the publication of its annual results?

Wood Group delayed the publication of its annual results due to a pending audit, which led to a temporary suspension of its shares.

What conditions must be met for Sidara to make a firm offer?

Sidara stated that it is committed to making an offer for Wood Group once the remaining pre-conditions linked to Wood Group's debt are satisfied.

What triggered the FCA's investigation into Wood Group?

The FCA is investigating Wood Group's operations after it opened an independent accounting review tied to some contracts and charges.

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Home > Finance > Dubai's Sidara lowers bid for Wood Group following UK regulator probe

Finance

Dubai's Sidara lowers bid for Wood Group following UK regulator probe

Published by Global Banking & Finance Review®

Posted on August 26, 2025

1 min read

Last updated: January 22, 2026

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Dubai's Sidara lowers bid for Wood Group following UK regulator probe

Quick Summary

Sidara Reduces Wood Group Acquisition Bid Amid FCA Investigation

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Frequently Asked Questions about Dubai's Sidara lowers bid for Wood Group following UK regulator probe