JGC Corporation Announces Sale of UK-based Affiliate Interests to KBR

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.

JGC Corporation (formerly Japan Gasoline Co.) is a global engineering company headquartered in Yokohama, Japan. It is listed at the Tokyo Stock Exchange. The company was founded on 25 October 1928. In 1976, it changed its original name from Japan Gasoline Co. to JGC Corporation. JGC Corporation has participated or is participating in the designing and construction of large energy projects, such as Al Zour Refinery, Nigeria LNG, Angola LNG, Pearl GTL, Ichthys LNG, Gorgon LNG, Tangguh LNG, Dolphin Gas Project etc.

Source: KBR, December 20, 2010;

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