Presented by Robert Clark MP		www.robertclark.net

Gas business unit sold for $4.1m

The Treasurer, Alan Stockdale, has announced the sale of GCI, one of the State Government’s gas business units, to J P Kenny for $4.1 million.

GCI is a unit of Gas Services Business Pty Ltd (GSB) and provides engineering and project-management services to the gas industry and other pipeline operators.

J P Kenny is part of the John Wood Group PLC, a UK-based company with operating offices in 20 countries, including Australia.

The Wood Group is a privately owned energy services contractor with an annual turnover in excess of £580 million.

(News Release, Office of the Treasurer, May 21, 1999)