{"id":782353,"date":"2023-09-07T01:04:31","date_gmt":"2023-09-07T05:04:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/fluor-sells-stork-european-business\/"},"modified":"2023-09-07T01:04:31","modified_gmt":"2023-09-07T05:04:31","slug":"fluor-sells-stork-european-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/fluor-sells-stork-european-business\/","title":{"rendered":"Fluor Sells Stork European Business"},"content":{"rendered":"

<\/p>\n

Fluor Sells Stork European Business<\/b><\/p>\n

IRVING, Texas–(BUSINESS WIRE<\/a>)–Fluor Corporation<\/a> (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.<\/p>\n

\nThis divestiture advances Fluor\u2019s strategic initiative to focus on its core businesses and capital priorities.<\/p>\n

\nThis 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.<\/p>\n

\nLazard is the financial advisor to Fluor on this transaction.<\/p>\n

About Fluor Corporation<\/span><\/b><\/p>\n

Fluor Corporation<\/a> (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients\u2019 greatest challenges. Fluor\u2019s 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<\/a> or follow Fluor on Twitter<\/a>, LinkedIn<\/a>, Facebook<\/a> and YouTube<\/a>.<\/p>\n

\n#corporate<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230906771626\/en\/<\/a><\/span><\/p>\n

\nBrett Turner
\n
Media Relations
\n
864.281.6976<\/p>\n

\nJason Landkamer
\n
Investor Relations
\n
469.398.7222<\/p>\n

KEYWORDS:<\/b> Belgium United States North America Europe Germany Netherlands Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Professional Services Engineering Business Manufacturing Commercial Building & Real Estate Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Fluor Sells Stork European Business IRVING, Texas–(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\u2019s 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 … <\/p>\n

Continue reading “Fluor Sells Stork European Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-782353","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFluor Sells Stork European Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/fluor-sells-stork-european-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fluor Sells Stork European Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Fluor Sells Stork European Business IRVING, Texas–(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\u2019s 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. 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