JGC Corporation today announced that it will be selling its 44.94% share interest in M.W. Kellogg Limited to KBR.
MWKL is a UK-based 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.
KBR is a global engineering, construction and services company supporting the energy, hydrocarbon, government services, minerals, civil infrastructure, power and industrial markets.
[mappress]
Source: KBR, December 20, 2010;