IN BRIEF: Petrofac delists from London after entering administration

Petrofac Ltd - London-based energy infrastructure company and contractor - Says that following the appointment of administrators, its shares on the equity shares segment and Main Market of the London Stock Exchange have been cancelled as of the market open on Tuesday. The company's shares have been suspended from trading since May, owing to the delayed release of its 2024 results. Petrofac adds that operations continue to trade as normal, "while options for alternative restructuring and M&A solutions are being actively explored with its key creditors." On Monday, the company said it applied to the High Court of England & Wales for the appointment of administrators.

By Christopher Ward, Alliance News reporter

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