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JGC sells affiliate interests to KBR

By Gerald Ondrey |

JGC Corp. (Japan; www.jgc.co.jp) today announced that it will be selling its 44.94% share interest in M.W. Kellogg Ltd. (MWKL; Greenford, Middlesex, U.K.; www.mwkl.co.uk) to KBR (Houston; www.kbr.com). MWKL is an affiliate of both companies. Following the transaction, MWKL will become a wholly-owned subsidiary of KBR. The transaction is expected to be finalized in January 2011.
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