British oil and gas services company Amec Foster Wheeler Plc (NYSE: AMFW) and individuals associated with the business are under investigation by the Serious Fraud Office (SFO), the company said July 11.
The investigation is focusing on the past use of third parties, bribery, corruption and related offenses, Amec said in a statement, adding that it is cooperating fully with the British fraud agency.
The SFO confirmed the investigation in a statement on its website.
Amec Foster Wheeler said the investigation is not expected to have an impact on completion of its planned 2.2 billion pounds(US$2.8 billion) takeover by John Wood Group. (US$1 = 0.7783 pounds)
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