JGC Corporation Announces Sale of Affiliate Interests to KBR

JGC Corporation announced that it will be selling its 44.94% share interest in M.W. Kellogg Limited (MWKL) 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.
Source: Press release