Debt-laden UK-based Mena-focused services firm Petrofac on 29 April announced that trading in its shares would be suspended the following day.
Already down more than 98% from their 2012 peak of £15.66/share, the firm lost more than half of its remaining value with the shares closing on 30 April at £0.105 for a market capitalization of just £55mn ($64mn) versus a year-ago £370mn, £1.8bn at the start of 2020 and the 2012 peak of over £8bn. (CONTINUED - 491 WORDS)
