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Jacobs announces sale of its interest in Neste Jacobs Oy

Published 09/29/2017, 08:35 AM
© Reuters.  Jacobs announces sale of its interest in Neste Jacobs Oy
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  • Jacobs Engineering Group (NYSE:JEC) has sold its 40% interest in Neste Jacobs Oy to the Neste Corporation for an undisclosed term.
  • Pursuant to this transaction, Neste holds all shares in Neste Jacobs Oy.
  • The sale of Jacobs’ interest in Neste Jacobs Oy aligns with the company’s strategy outlined last year to grow profitably by executing a balance of organic growth, acquisitions and active portfolio management that positions Jacobs in the most attractive end markets and geographies.
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