Petrofac is urging creditors to agree to a voluntary arrangement to facilitate the sale of its Asset Solutions business to CB&I. A meeting is scheduled for January 30, 2026, to vote on the proposed Company Voluntary Arrangement (CVA). The sale is expected to yield net proceeds between $45 million and $55 million, subject to creditor approval.
Sign in to access complete coverage, AI analysis, and related companies.
Sign In to Continue