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Petrofac plunges on SFO development

Petrofac plunges on SFO development

Since May 2017, the market has been aware of the Serious Fraud Office’s (SFO) probe into Petrofac (PFC), its “officers, employees and agents” for suspected bribery, corruption and money laundering. Yet few investors in the oil and gas services company will have been prepared for this week’s developments.

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