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Fluor Sells AMECO North America to One Equity Partners for $73 Million

BusinessWire_EN 
0 0 04.05.21
Fluor Sells AMECO North America to One Equity Partners for $73 Million: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/24458/Logo_FLUOR.svg.png
 

Fluor Corporation (NYSE: FLR) announced today the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million.

This transaction is another significant step in completing the AMECO divestiture announced by Fluor in September 2019. Fluor previously sold its AMECO Caribbean business in Jamaica in August 2020 and is actively marketing its remaining AMECO South America and ServiTrade Mozambique operations.

Fluor looks forward to continue working together with AMECO in the U.S. and Canada.

Fluor used BofA Securities as its financial advisor for this transaction.

About Fluor Corporation

Fluor Corporation (NYSE: FLR) is building a better future by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $15.7 billion in 2020 and is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has provided engineering, procurement and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210504005199/en/

Fluor Corp. Stock

€38.98
1.640%
There is an upward development for Fluor Corp. compared to yesterday, with an increase of €0.000 (1.640%).
Currently there is a rather positive sentiment for Fluor Corp. with 5 Buy predictions and 0 Sell predictions.
With a target price of 42 € there is a slightly positive potential of 7.75% for Fluor Corp. compared to the current price of 38.98 €.
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