PARIS, FRANCE: TechnipFMC plc announced the sale of 9 million Technip Energies N.V. shares through private sale transactions.
The sale price of the shares is set at €13.15 per Share, yielding total gross proceeds of €118.4 million.
Upon completion of the Sale, representing approximately 5% of Technip Energies’ issued and outstanding share capital, TechnipFMC retains a direct stake of approximately 7% of Technip Energies’ Share Capital.
The Sale was conducted without a public offering in any country and included the following parties:
- Bpifrance Participations SA (3.6 million Shares);
- HAL Investments, the Dutch investment subsidiary of HAL Holding N.V (3.6 million Shares); and
- Technip Energies (1.8 million Shares).
Settlement for the Sale is expected to take place on or around January 14, 2022. TechnipFMC is subject to a 30-day lock-up for its remaining shares in Technip Energies that expires on February 9, 2022.
TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services. www.TechnipFMC.com