John Wood Group Plc confirmed that it has received a fresh takeover offer from engineering company Sidara, after a previous approach last year ended without a deal.

Britain's struggling oilfield services and engineering firm Wood Group has received a fresh approach from Dubai-based Sidara about a possible takeover offer after a failed attempt six months ago, both parties said on Monday.

The latest bid interest from Sidara comes after it walked away from a deal last August, blaming global market turmoil and geopolitical risks.

Oil services and engineering firm Wood Group (OTCPK:WDGJF) (OTCPK:WDGJY) +30.5% in London Trading Monday after confirming it received a takeover approach from United Arab Emirates engineering and consulting group Sidara.