Fluor Divests Equity Stake in Mexico JV
Fluor Corporation announced it has divested its equity stake in the ICA-Fluor Daniel joint venture to its partner ICA for $175 million. The company stated that the expected gain on sale, combined with year-to-date operating income from the JV, will exceed Fluor's anticipated 2026 earnings contribution from the business.
Key figures
- Deal Value Usd
- $175 million
- Gain on sale expected
- Yes
AI analysis
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