The gross proceeds of the sale were approximately AUD187 million. Following the completion of the sale‚ Clough will no longer hold any shares in Forge.
Clough is an engineering and project services contractor servicing the Energy & Chemical and Mining & Mineral markets in Australia and Papua New Guinea. Clough's services range from early concept evaluation and feasibility studies through design‚ construction‚ commissioning and long-term asset support and optimisation.
Forge Group is a fully integrated‚ multidisciplinary Engineering‚ Procurement and Construction (EPC) service provider‚ delivering end-to-end EPC turnkey solutions to the power and infrastructure‚ mineral and resources and oil and gas sectors across Western Australia‚ Queensland‚ South Australia and further afield in New Zealand.
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We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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