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Petrofac Ltd - energy infrastructure company with core markets in the Middle East and North Africa - Says its ongoing restructuring process will result in no residual value being retained by existing shareholders. Says it remains focused on completing the restructuring by the end of November. Notes ‘good progress’ towards implementation. Add that it expects to conclude a lock-up agreement soon with regard to its identified implementation route. This, says Petrofac, will support its operational capability and delivery. Earlier this month, Petrofac said it is advancing more than one route to implement its restructuring plan. Petrofac shares have been suspended from trading since May, after it did not publish its 2024 annual report. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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