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Fluor Sells Zhuhai Fabrication Yard Stake to COOEC

Reuters2025-12-20

Fluor Sells Zhuhai Fabrication Yard Stake to COOEC

Fluor Corporation has reached an agreement to divest its portion of the Zhuhai fabrication yard in Guangdong province, China, to Offshore Oil Engineering Co., Ltd. (COOEC). Upon completion of the transaction, Fluor expects to receive approximately $122 million, based on current exchange rates. COOEC will then own 100% of the fabrication yard, which will continue to be available, along with other COOEC facilities, to support fabrication needs for future Fluor projects.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fluor Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251220280744) on December 20, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Upon completion of the transaction, Fluor expects to receive approximately $122 million, based on current exchange rates. COOEC will then own 100% of the fabrication yard, which will continue to be available, along with other COOEC facilities, to support fabrication needs for future Fluor projects.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fluor Corporation published the original content used to generate this news brief via Business Wire (Ref. 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(COOEC). Upon completion of the transaction, Fluor expects to receive approximately $122 million, based on current exchange rates. COOEC will then own 100% of the fabrication yard, which will continue to be available, along with other COOEC facilities, to support fabrication needs for future Fluor projects.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fluor Corporation published the original content used to generate this news brief via Business Wire (Ref. 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COOEC will then own 100% of the fabrication yard, which will continue to be available, along with other COOEC facilities, to support fabrication needs for future Fluor projects.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fluor Corporation published the original content used to generate this news brief via Business Wire (Ref. ID: 20251220280744) on December 20, 2025, and is solely responsible for the information contained therein.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"corporation,event","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}