LNG

Feb 28 (LNGJ) - Dar Group, based in Dubai in the United Arab Emirates, said it had acquired a 13.35 percent stake in Australian infrastructure, energy and LNG engineering and consultancy company WorleyParsons Ltd. “Dar Group views WorleyParsons as the preeminent energy and design consultancy globally and respects the role the Chairman, Board and management team have played in establishing this market leading position. Dar has acquired the stake with a long-term strategic perspective and looks forward to being a supportive shareholder,” it said. “Dar Group has no present intention of initiating discussions with WorleyParsons regarding a change-of-control transaction,” it added. Dar operates a multi-branded strategy consisting of a global network of architecture and engineering consultancy firms.