TechnipFMC to sell 14% of Technip Energies shares for €277.5 million

PARIS: TechnipFMC announced the sale of 25 million Technip Energies shares, representing around 14% of Technip Energies’ share capital at €11.10 per share, yielding total gross proceeds of €277.5 million. The sale will be through a private placement by way of an accelerated bookbuild offering. Concurrently with the placement, Technip Energies will purchase from TechnipFMC…

Technip Energies to separate from TechnipFMC on February 12, 2021

PARIS: TechnipFMC plc announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The transaction is structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment in the…