TechnipFMC sells stake in Technip Energies N.V.

Source: press release, 10 January 2022

photo: TechnipFMC
photo: TechnipFMC

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 EUR 13.15 per share, yielding total gross proceeds of EUR 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 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.