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Worley shares fall as market digests Ecuador dispute

Engineering company has made three ASX announcements on the issue since December 27 and ‘strongly disputes’ an adverse arbitration decision.

Worley founder and chair John Grill, who took action against NBR Lister George Kerr in the New Zealand High Court.

Australian engineering company Worley says claims totalling A$327 million against its business in Ecuador are part of a “pattern of harassment” and without merit as the company’s shares fell sharply today after several days’ suspension on the ASX.

Shares in Worley, which operates in New

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Lachlan Colquhoun Thu, 18 Jan 2024
Contact the Writer: lachlan@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Worley shares fall as market digests Ecuador dispute
Australia,
102353
true