Fluor Signs Agreement With NuScale To Convert, Monetize Its Remaining Stake In NuScale

Fluor Corporation (NYSE: FLR) ("Fluor") and NuScale Power Corporation (NYSE:SMR) ("NuScale") today announced that they have reached an agreement regarding the conversion and monetization of Fluor's remaining stake in NuScale, and have agreed to certain economic and other terms.

Under the terms of the agreement, Fluor will convert its remaining Class B units of NuScale Power, LLC (the "Class B units") into shares of Class A common stock of NuScale (the "Class A common stock"), and will promptly begin a structured monetization of shares, subject to certain mutually agreed volume restrictions, which are intended to preserve the value of NuScale's equity during the process. Fluor expects to complete the monetization of its stake by the end of the second quarter of 2026.