Oct 05, 2020 / NTS GMT
Presentation (Pre-Recorded)
Oct 05, 2020 / NTS GMT
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Corporate Participants
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* Jonathan Stanton
The Weir Group PLC - CEO & Director
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Jonathan Stanton - The Weir Group PLC - CEO & Director
Hello, everybody, and I hope you're all keeping safe and well. My name is John Stanton, and I am the Chief Executive of The Weir Group. I am delighted that today, we're announcing the proposed sale of our Oil & Gas division, which is a major milestone for the group, and when complete, will deliver on the transformation of Weir into a premium mining technology pure play.
When we announced in February that we were going to sell Oil & Gas, we had 2 objectives: the first was to find a good home for the business; and the second, to maximize value for all of our stakeholders, and this deal delivers on both objectives. In Caterpillar, we found a strong strategic buyer for the business, where our people and the technologies that we've developed over the years will have the opportunity to flourish
Weir Group PLC Proposed Sale of Weir Oil & Gas to Caterpillar Inc Presentation (Pre-Recorded) Transcript
Jan 22, 2024
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