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Sign InPetrofac has successfully finalized the divestment of its Asset Solutions business unit to CB&I. This strategic move is designed to streamline the company's core operations and strengthen its overall financial position. A significant outcome of the transaction is the preservation of employment for approximately 3,000 workers, ensuring operational continuity. The completion of this sale allows Petrofac to de-risk its balance sheet by removing specific liabilities associated with the unit. Industry analysts view the deal as a positive step toward corporate restructuring and long-term stability. Market attention remains focused on Petrofac's (PFC.L) performance on the London Stock Exchange following the news.