Fluor Sells Stork European Business
September 07 2023 - 1:00AM
Business Wire
Fluor Corporation (NYSE: FLR) announced today that it has agreed
to sell its Stork business in Belgium, Germany, the Netherlands and
its turbo blading manufacturing operation in the United States to
industrial services provider Bilfinger SE.
This divestiture advances Fluor’s strategic initiative to focus
on its core businesses and capital priorities.
This transaction is subject to consultations with and advice
from the representative body of the applicable works councils,
consultations with the trade unions and receipt of regulatory
clearances along with other customary conditions and, subject to
these conditions, is expected to be completed in the first half of
2024.
Lazard is the financial advisor to Fluor on this
transaction.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by
applying world-class expertise to solve its clients’ greatest
challenges. Fluor’s 40,000 employees provide professional and
technical solutions that deliver safe, well-executed,
capital-efficient projects to clients around the world. Fluor had
revenue of $13.7 billion in 2022 and is ranked 303 among the
Fortune 500 companies. With headquarters in Irving, Texas, Fluor
has provided engineering, procurement and construction services for
more than 110 years. For more information, please visit
www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and
YouTube.
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Jason Landkamer Investor Relations 469.398.7222
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