Weir Group to sell oil & gas division to Caterpillar, shares surge

MOSCOW (MRC) -- Weir Group Plc announced it had agreed to sell its oil and gas division to US heavy equipment maker Caterpillar Inc for USD405 million in cash, as the engineering company focuses on its mining business, as per Hydrocarbonprocessing.Shares of Weir surged 22.5% to 1,568p, on track for their best day in more than 20 years.The deal, which follows a collapse in global oil price

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