<div id="readability-page-1"><div id="ctl00_CPI_dvBody"><div><div><p>Add <img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/RTTNews-Logo-224x61.png"/> as your preferred news source on Google</p><div><p><img src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://cdn.rttnews.com/images/v4/google.png"/> Add Now</p></div></div></div><p> Fluor Corp. (FLR) announced that it agreed to divest its portion of its Zhuhai fabrication yard in China's Guangdong province to Offshore Oil Engineering Co., Ltd. (COOEC). Fluor expects to receive $122 million in proceeds, based on current exchange rates, when the transaction is completed in the coming months.</p><p>Upon completion, COOEC will assume full ownership of the fabrication yard. The facility, together with COOEC's other assets, will remain available to support fabrication requirements for future Fluor projects and opportunities. </p><p>For comments and feedback contact: editorial@rttnews.com</p><p>Business News</p></div></div>

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<p>Fluor Corp. has agreed to divest its stake in the Zhuhai fabrication yard in Guangdong, China, to Offshore Oil Engineering Co., Ltd. (COOEC) for $122 million. Upon completion, COOEC will fully own the yard, which will continue to support Fluor's future projects. The transaction is expected to conclude in the coming months.</p>

Fluor To Divest Zhuhai Fabrication Yard Stake To COOEC