Worley (ASX:WOR) sells Capital Projects Advisory

Company News

by Rachael Jones

Worley (ASX:WOR) has sold the Capital Projects Advisory business for a cash consideration of approximately $48 million.

Capital Projects Advisory business was acquired by TSA Management Pty Ltd which is a project services consultancy focused on critical infrastructure and property projects across Australia and New Zealand.

CPA is a small part of Worley’s Advisian consulting business.

Shares in Worley (ASX:WOR) are trading 1.14 per cent higher at $10.66.