Finance

Petrofac stock dives after shares-for–debt proposal revealed

UK-listed contractor says it continues to face challenges in securing new performance guarantees

UK-listed Petrofac Group Chief Executive Tareq Kawash.
UK-listed Petrofac Group Chief Executive Tareq Kawash.Photo: PETROFAC
European Correspondent
PetrofacUKUnited Arab EmiratesAyman AsfariEurope
Published 12 April 2024, 08:10Updated 12 April 2024, 08:40