TechnipFMC announces sale of stake in Technip Energies N.V.
1/10/2022
TechnipFMC plc announced the sale of 9 MM Technip Energies N.V. shares through private sale transactions. The sale price of the shares in the sale is set at €13.15 per share, yielding total gross proceeds of €118.4 MM.
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 MM shares)
- HAL Investments, the Dutch investment subsidiary of HAL Holding N.V (3.6 MM shares)
- Technip Energies (1.8 MM 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.
Sign up to Receive Our Newsletter
- Freeport LNG export plant in Texas reports shutdown of liquefaction train
- TotalEnergies and Mozambique announce the full restart of the $20-B Mozambique LNG project
- Five energy market trends to track in 2026, the year of the glut
- Venture Global wins LNG arbitration case brought by Spain's Repsol
- RWE strengthens partnerships with ADNOC and Masdar to enhance energy security in Germany and Europe
Comments