MT Newswires Live2025-12-22
Fluor (FLR) said Saturday it has reached an agreement to divest its portion of the Zhuhai fabrication yard in China's Guangdong province to Offshore Oil Engineering for about $122 million.
The company said it expects the transaction to be completed in the coming months after which Offshore Oil Engineering will own 100% of the fabrication yard.
Fluor's shares were up almost 2% in recent Monday premarket activity.
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