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Petrofac to sell Asset Solutions business to Texas-based CB&I

By Michele Maatouk

Date: Wednesday 24 Dec 2025

(Sharecast News) - Petrofac said on Wednesday that it has agreed to sell its Asset Solutions business to Texas-based CB&I in a deal that will save thousands of jobs.
The ultimate net proceeds from the sale will depend on the quantum of various deductions which will only be confirmed closer to...

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