Technip Energies to Purchase €20 Million Equivalent of its Own Shares From TechnipFMC
Regulatory News:
Technip Energies (Paris:TE) (ISIN:NL0014559478) (the Company ), a leading Engineering Technology company for the Energy Transition, today announces that it has agreed to acquire €20 million equivalent of its own ordinary shares (the Shares ) from TechnipFMC plc., concurrently with TechnipFMC s announced sell-down of its stake in the Company through a private placement by way of an accelerated book building process. The price per Share for the Shares to be purchased by the Company from TechnipFMC is the purchase price to be announced by TechnipFMC in its separate accelerated book building process.
TechnipFMC plc: TechnipFMC Receives Notice to Proceed for Subsea Contract for Santos Barossa Project Offshore Australia
(1)
subsea production system contract from Santos Ltd. (ASX: STO) for the Barossa project, located 300 kilometers north of Darwin, Australia, at a water depth of approximately 130 meters.
The contract scope covers the supply of subsea trees and associated control systems, manifolds and wellheads, as well as installation and commissioning support, which will help to extend the life of the existing Darwin LNG facility.
Jonathan Landes, President Subsea at TechnipFMC, commented:
We are very pleased to have been selected as a subsea partner for the Barossa project. This important award strengthens our relationship with Santos and further demonstrates our commitment to assist in the development of the Australian energy sector.
TechnipFMC plc to Sell Part of Its Stake in Technip Energies N V finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Press release content from Business Wire. The AP news staff was not involved in its creation.
The Middleby Corporation to Acquire Welbilt, Inc.
April 21, 2021 GMT
ELGIN, Ill. & NEW PORT RICHEY, Fla. (BUSINESS WIRE) Apr 21, 2021
The Middleby Corporation (NASDAQ: MIDD) and Welbilt, Inc. (NYSE: WBT) have entered into a definitive agreement under which Middleby will acquire Welbilt in an all-stock transaction, enhancing the Middleby Commercial Foodservice platform with an attractive portfolio of products, brands and technologies. This transaction will bring together two complementary businesses, accelerate the Middleby growth strategy into key markets globally and increase core capabilities in highly attractive segments.
TechnipFMC plc: TechnipFMC Awarded a Significant Subsea Contract for Petrobras Marlim and Voador Fields
(1) subsea contract from Petrobras (NYSE: PBR) for the Marlim and Voador fields, located offshore Brazil.
TechnipFMC will supply up to eight manifolds for production and injection, utilizing the all-electric Robotic Valve Controller (RVC). The contract also includes associated tools, spares and services.
The RVC is a unique robotic technology that replaces traditional subsea hydraulics, as well as thousands of mechanical parts, while providing real-time data and analysis on system performance. This results in a manifold that is smaller, less complex and less costly with a significantly reduced carbon footprint. Moreover, the RVC s software can be remotely upgraded and maintained subsea, increasing the overall reliability and availability of the subsea system.