Technip Energies Exercises Its Rights To Acquire Shares from TechnipFMC

摘要

Paris-Technip Energies said it will buy €20-million equivalent of its own ordinary shares from TechnipFMC, concurrently with Technip FMC's announced sell-down of its stake in Technip Energies through a private placement (PCN, 22 Feb 2021, p 1). Technip Energies is exercising its rights under a separation and distribution agreement entered into with TechnipFMC on 7 Jan. 2021. Once the transaction is complete, TechnipFMC will own an approximately 31% interest in Technip Energies.