Nov 03, 2020 / 08:00AM GMT
Operator
Ladies and gentlemen, thank you for standing by, and welcome to the Weir Group PLC Quarter 3 2020 Interim Management Statement. (Operator Instructions) I must advise you that this call is being recorded today on Tuesday, the 3rd of November 2020.
Now I'd like to hand the call over to your host today, Jon Stanton. Please go ahead.
Jonathan Stanton - The Weir Group PLC - CEO & Director
Thank you, operator, and good morning, ladies and gentlemen, and thank you for joining us for our third quarter trading update. As usual, I'm joined by our CFO, John Heasley, and we'll be delighted to take any questions you have shortly.
As you know, we achieved a major milestone in the quarter by agreeing more cash sale of the Oil & Gas division to Caterpillar for an enterprise value of $405 million, transforming the group into a premium mining technology pure play. I was particularly pleased to agree the sale in what are very tough market conditions. The sale maximize the value for our stakeholders and puts Weir in great shape for the future.
Q3 2020 Weir Group PLC Interim Management Statement Call Transcript
Nov 03, 2020
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