UPDATE 1-Petrofac, First Reserve to create $1.25 bln energy JV

... were up 2.16 percent at 1225 pence at 1108 GMT on the London Stock Exchange. The first joint transaction will see Greenwich, Connecticut-based First Reserve take 80 percent of Petrofac's deployed and contracted floating production facilities for ...

http://www.reuters.com/article/2014/06/26/petrofac-firstreserve-idUSL4N0P72S320140626?feedType=RSS&feedName=mergersNews