Dubai’s Dar Group becomes biggest shareholder in Australia’s WorleyParsons

Feb 28 Dubai-based engineering firm Dar Group said on Tuesday it had taken a 13.4 percent stake in WorleyParsons Ltd months after a failed takeover approach, sending shares in the Australian engineering company up 30 percent. The strategic stake makes Dar the largest shareholder in Worley and comes a week after weak trading conditions for mining contractors pushed the potential takeover target to a first-half loss.