WorleyParsons raises $253 million to fund AFW takeover

Following on from the recent announcement that WorleyParsons was to purchase North Sea oil & gas provider AFW UK, the company has announced that it has raised $253 million from its shareholders (at a price of $13 per share) via institutional entitlement offer to help fund the purchase.
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Recovery of resources sector continues: BDO

Latest research from BDO shows there has been a broad recovery in the resources sector, highlighted by the resurgence in the number of initial public offerings (IPOs) and another expected increase in cash outflows for the June 2017 quarter.
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