Clough, Forge form strategic alliance

Clough and Forge have agreed to jointly target LNG and oil and gas projects in markets including Australasia and West Africa.

Offshore staff

PERTH, Australia -- Clough and Forge have agreed to jointly target LNG and oil and gas projects in markets including Australasia and West Africa.

Under the new strategic alliance, Clough will become a cornerstone shareholder in Forge through an investment of approximately $98 million.

Clough and Forge say the alliance will allow both companies to leverage their complementary expertise and to capitalize on significant growth opportunities in the oil and gas, mining, and civil infrastructure sectors.

02/24/2010

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