NEW YORK, Nov. 21, 2000Ogden Corporation (NYSE: OG) today announced that it has completed the sale of the consulting operations of Ogden Environmental and Energy Services (OEES) to AMEC (LSE: AMEC), an international design firm.
As announced on October 30, 2000, under the agreement, Ogden received $15 million upon closing of the transaction, and will receive an additional $2.5 million six months thereafter, subject to certain contractual conditions.
As previously announced, Ogden is also currently winding down OEES’ construction operations, which are separate from its consulting operations.
AMEC, with offices in 40 countries, is a provider of services and engineering solutions to the world’s infrastructure, manufacturing and process industries. The company creates value for clients through the application of technologies, alliances and innovative partnerships. More information is available at www.amec.com.
Ogden Energy Group, a division of Ogden Corporation, is a global developer/owner and operator of independent power projects and provides related infrastructure services. On September 17, 1999, Ogden announced its intent to sell its Entertainment and Aviation businesses to focus exclusively on its role as a leading energy company. Ogden Water Systems, a wholly owned unit of Ogden Energy Group, offers communities single-source design/build/operate services for water and wastewater treatment infrastructure. Additional information about Ogden can be obtained via the Internet at www.ogdencorp.com.