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LSE:PKO News 24 December 2025

CB&I to Acquire Petrofac Asset Solutions: 3,000 Jobs, Aberdeen Hub, and a Q1 2026 Target Close

CB&I to Acquire Petrofac Asset Solutions: 3,000 Jobs, Aberdeen Hub, and a Q1 2026 Target Close

ABERDEEN, Scotland / THE WOODLANDS, Texas (Dec. 24, 2025) — CB&I has agreed to acquire Petrofac’s Asset Solutions business in a Christmas Eve deal that both companies say will secure the future of a major operations, maintenance, and decommissioning provider serving onshore and offshore energy assets. The transaction is expected to bring roughly 3,000 Petrofac employees into CB&I when it…
24 December 2025
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Stock Market Today

  • First Majestic Silver Shares Drop Amid Historic Silver Slump, Operational Strength Holds
    February 2, 2026, 10:08 PM EST. Silver prices plunged over 30% following Federal Reserve chair nomination Kevin Warsh, triggering massive market sell-offs. First Majestic Silver (TSX:AG), a major silver miner, saw shares fall 16% to a $13.9 billion market cap. Despite the drop, the company boasts record Q3 revenue, $98 million in cash flow, and $128 million EBITDA, with costs falling in contrast to sector-wide inflation. First Majestic carries no debt, holds $560 million in cash, and retains silver and gold inventories worth $50 million as 'cash-like' assets. The miner's acquisitions and discoveries promise production growth, with 30 million silver equivalent ounces forecast for 2025. The selloff reflects forced liquidation rather than operational weakness, marking a potential entry point for investors willing to accept volatility.
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