Established in 1919, Clough delivers an integrated Engineering, Procurement and Construction service primarily to oil and gas projects in Australia, South East Asia and the USA. The Group's services range from concept development through design, construction, installation, commissioning, operations and maintenance.

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Opening of Clough Offer

9 April 2010

Engineering and construction company Clough Limited ("Clough" ASX: CLO) is pleased to announce the opening of its offer to all registered Forge Group Limited ("Forge" ASX: FGE) shareholders to acquire 50% of their shares in Forge ("Offer"). Clough today began despatch of its Bidder's Statement to Forge shareholders, with despatch due to complete shortly.

The opening of Clough's Offer follows the recent Forge shareholder approved placement of approximately 10.26 million Forge shares to Clough as part of a series of transactions which contemplate Clough becoming a 31% - 56.5% cornerstone investor in Forge, and the formation of a long term strategic alliance between the companies.

Following the placement, Clough became Forge's largest shareholder with 13% of its issued capital.

To read the Offer Document, please download a copy here.