TechnipFMC announces sale of stake in Technip Energies N.V.
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
TechnipFMC plc has announced the sale of 9 million 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 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 14 January 2022.
TechnipFMC is subject to a 30-day lock-up for its remaining shares in Technip Energies that expires on 9 February 2022.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/11012022/technipfmc-announces-sale-of-stake-in-technip-energies-nv/
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