TechnipFMC Sells 9.9% Stake in Technip Energies for $233M

Image Credit; TechnipFMC (File Photo)
Image Credit; TechnipFMC (File Photo)

Energy industry services firm TechnipFMC said Friday it had sold a 9.9% stake in Technip Energies to Hal Investments for €196.2 million (~$233 million).

Technip Energies was created in February 2021 after TechnipFMC completed its spin-off transaction to create two independent, publicly traded companies, TechnipFMC - focused on upstream activities - and Technip Energies, focused on midstream and downstream and energy transition. 

HAL Investments, the Dutch investment subsidiary of HAL Holding, bought 17.6 million Technip Energies shares at €11.15 per share through a private sale transaction  

Upon completion of the sale, TechnipFMC will hold a direct stake of approximately 12.3% of Technip Energies’ share Capital.
 

Current News

Danos Leaders Recognized in “40 Under 40” Lists

Danos Leaders Recognized in “4

ExxonMobil to Drill for Gas Off Cyprus in January

ExxonMobil to Drill for Gas Of

Mocean Energy Raising Funds to Advance Wave Energy Tech

Mocean Energy Raising Funds to

Seadrill’s Drillships Getting Ready to Start Work Off Brazil

Seadrill’s Drillships Getting

Subscribe for OE Digital E‑News

Offshore Engineer Magazine