Fluor Corp. has agreed to sell its portion of the Zhuhai fabrication yard in China to Offshore Oil Engineering Co., Ltd. for $122 million. COOEC will take over full ownership of the facility, which will continue to support fabrication needs for future Fluor projects. The transaction is expected to be completed in the coming months.

Read more at Nasdaq: Fluor To Divest Zhuhai Fabrication Yard Stake To COOEC