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Fluor Divests Equity Stake in Mexico JV

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Fluor Divests Equity Stake in Mexico JV

Fluor (NYSE: FLR) said it divested its equity stake in ICA-Fluor Daniel to its JV partner, ICA, for $175 million. The transaction is a portfolio-shaping move that crystallizes value but provides limited immediate information on earnings or guidance.

Analysis

Fluor (NYSE: FLR) said it divested its equity stake in ICA-Fluor Daniel to its JV partner, ICA, for $175 million. The transaction is a portfolio-shaping move that crystallizes value but provides limited immediate information on earnings or guidance.

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