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Petrofac joins FTSE 250
15 December, 2005
FTSE, the group responsible for creating and managing financial indices, has confirmed that Petrofac Limited will join the FTSE 250 index at the end of trading on 16 December 2005.
The FTSE 250 index comprises those companies whose market capitalisation ranks between 101 and 350 largest on the London Stock Exchange. Petrofac’s current market capitalisation of around £850 million should see the company ranked comfortably in the top half of the FTSE 250.
Group Chief Executive, Ayman Asfari commented:
“We are currently the second largest oil field services company listed in the UK. Our entry into the FTSE 250 is a very positive development for the business and will significantly raise our profile amongst investors.”