Wells Fargo cuts equity stake in Willbros to 8.18%

By E. Janene Geiss

Philadelphia, Jan. 23 - Wells Fargo & Co. decreased its investment to 8.18% in Willbros Group, Inc. as of Dec. 31, according to an SC 13G/A filing with the Securities and Exchange Commission.

That represents a passive stake of 3,201,853 shares.

Those holdings are down from the passive stake of 9.36%, or 3,369,441 shares, that the investor reported owning as of Dec. 31, 2007, according to another SC 13G/A filing.

Willbros is a Houston-based oil, gas and power services company.

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