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Fluor to Acquire Stork Holding for $755M

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Fluor
Corporation (NYSE: FLR) and Stork
announced today that Fluor has signed an agreement with UK-based private
equity firm Arle Capital Partners to acquire 100 percent of Stork
Holding B.V., based in the Netherlands, for an investment of €695
million ($755 million).

Stork is a global provider of maintenance, modification and asset
integrity services associated with large existing industrial facilities
in the oil and gas, chemicals, petrochemicals, industrial and power
markets. Founded in 1827, Stork has built a powerful brand in the
industry and has long-term relationships with a diverse range of blue
chip customers. It has operations in Continental Europe, United Kingdom,
the Middle East, Asia Pacific and

See full press release

 

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