RE: £22 million!1 Oct 2021 21:05
The way the RNS reads to me is the fine will be sub £100m.
Petrofac can shoulder that and emerge stronger than ever.
I'm just thankful I'm not short because, barring the short term ups and downs, PFC is now on the road to recovery.
This company is resilient! Look at what it's had thrown at it over the last 4 years - SFO, Covid, $30 oil, loss of bidding rights on contracts, terrible press etc etc etc and she's still fighting away.
Remarkable company! Roll on Monday and a new dawn for Petrofac.