LONDON (Thomson Financial) - Ayman Asfari, chief executive of Petrofac, said
oil services group has not received any takeover approach.
"We have not received approaches from potential bidders," Asfari told
reporters in a conference call following the group's annual results.
He said the company is focused on expanding the business as it sees
"tremendous opportunities" for growth in a buoyant oil market.
The oil market boom has turned firms like Petrofac into takeover targets.
Sondex PLC, an oilfield equipment maker, was bought by General Electric for 288
mln stg last year, while oil rig contractor Abbot Group PLC is being taken over
by private equity firm First Reserve Corp in a 906 mln stg deal. Last month,
Expro International Group PLC, the UK oil services provider, said it has
received an approach from an unnamed party.
monicca.egoy@thomson.com
mbe
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