Petrofac Limited: RESTRUCTURING UPDATE

Summary by AI BETAClose X

Petrofac announced on October 23, 2025, that TenneT has terminated its scope of work on the 2GW programme with immediate effect. Consequently, the Board has determined that the previously advanced Restructuring is no longer deliverable in its current form. The Group is actively pursuing alternative options while maintaining operational capability and service delivery across its businesses. Further information will be shared in due course. Trading in Petrofac shares (symbol: PFC) remains suspended pending publication of the Group’s Full Year 2024 Audited Accounts.

Disclaimer*

UK 100

Latest directors dealings