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TechnipFMC plc: TechnipFMC Completes Separation of Two Industry-Leading, Independent, Publicly Traded Companies


TechnipFMC plc: TechnipFMC Completes Separation of Two Industry-Leading, Independent, Publicly Traded Companies
Regulatory News:
TechnipFMC (NYSE: FTI) (PARIS: FTI) (ISIN:GB00BDSFG982) TechnipFMC today announced the completion of its spin-off transaction to create two industry leading, independent, publicly traded companies, TechnipFMC and Technip Energies.
In connection with the separation, the Technip Energies technical reference price was set at €9.00 ahead of its direct listing on the Euronext Paris Exchange where it will trade under the symbol TE .
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Doug Pferdehirt, Chairman and CEO of TechnipFMC, stated: I am delighted to announce the successful completion of the separation transaction. As the market leader and industry s only fully integrated pure-play, we are uniquely positioned to transform our clients project economics, helping them to unlock traditional and new energy resources while reducing carbon intensity and supporting their energy trans ....

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FURTHER INFORMATION
Credit Suisse International ( Credit Suisse ) which is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Bidco and no one else in connection with the Acquisition and will not be responsible to anyone other than Bidco for providing the protections afforded to clients of Credit Suisse or for providing advice in connection with the Acquisition or any matter referred to herein.
Goldman Sachs International ( Goldman Sachs ) which is authorised by the Prudential Regulation Authority and regulated in the UK by the Financial Conduct Authority and the Prudential Regulation Authority, is acting exclusively for Bidco and no one else in connection with the Acquisition and will not be responsible to anyone other than Bidco for providing the protections afforded to clients of Goldman Sachs or for providing advice in connection with the Acquisi ....

United States , United Kingdom , City Of , Peter Brown , Ben Deary , Jonty Edwards , Nadia Hoosen , John Waples , Alex Bruce , George Maddison , James Morris , Omar Faruqui , Mark Hennessy , Nick Hasell , Chris Emmerson , Filippo Cardini , James Robinson , Graham Copeland , Jp Morgan Cazenove , Andrew Sibbald , Zeeshan Maqbool , Julie Foster , Richard Probert , Credit Suisse International , Goldman Sachs International , Swiss Financial Services Act Fin ,