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Petrofac plans to raise 180 mln pounds to fund bribery settlement - Sky News

Mon, 25th Oct 2021 19:55

Oct 25 (Reuters) - British oil services company Petrofac
plans to tap shareholders in a 180 million pound
($247.54 million)fundraising, Sky News https://news.sky.com/story/petrofac-in-180m-cash-call-to-fund-sfo-bribery-settlement-12444559
reported on Monday.

The company, which plans to use the funding in part to pay a
Serious Fraud Office fine for bribery offences, could make an
announcement on its fund raising as early as Tuesday, the report
added.
($1 = 0.7272 pounds)
(Reporting by Aakriti Bhalla in Bengaluru)

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