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An update from Petrofac ( (GB:PFC) ) is now available.
Petrofac Limited has announced the scheduling of 12 Plan Meetings as part of its financial restructuring process, following a directive from the English Court. These meetings, set for April 23, 2025, will involve both Petrofac Limited and Petrofac International UAE LLC and are aimed at considering and potentially approving the Restructuring Plans. This restructuring effort is significant for the company’s operational stability and could have implications for stakeholders, including creditors and shareholders, as the company navigates its financial challenges.
More about Petrofac
Petrofac is a leading international service provider to the energy industry, offering design, construction, management, and maintenance services for oil, gas, refining, petrochemicals, and renewable energy infrastructure. The company primarily operates in the Middle East, North Africa, and the UK North Sea, with additional markets in India, South East Asia, and the United States. Petrofac is listed on the London Stock Exchange and employs 8,000 people across 31 offices worldwide.
YTD Price Performance: -33.65%
Average Trading Volume: 2,185,365
Technical Sentiment Signal: Strong Buy
Current Market Cap: £29.21M
Find detailed analytics on PFC stock on TipRanks’ Stock Analysis page.