Street Talk

Worley block trade priced at $14.35 a share; Dar cashes out $1.4b

Sarah Thompson, Kanika Sood and Emma Rapaport

Apr 29, 2024 – 10.13pm

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Worley Limited’s largest shareholder, Dubai-based infrastructure group Sidara (née Dar Group), locked in $14.35 a share for its sale of 19 per cent a stake, revealed by Street Talk on Monday evening.

Worley CEO Chris Ashton can bid farewell to Sidara, which lobbed an unsuccessful bid in 2016.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.