Transfield sells Worley stake

Group exits NZ joint venture in $30m sale, set to focus on Aust, US markets.

Transfield Services (TSE) has sold its stake in its Transfield Worley New Zealand joint venture to partner WorleyParsons (WOR) for $30 million.

In a statement to the Australian Securities Exchange, Transfield said revenue from its 50% share in the partnership represents less than two per cent of its total group revenue.

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