TechnipFMC starts trading on Tuesday

Technip and FMC Technologies are set to finalize the merger on Monday, January 16, 2017, after close of business.

The two oilfield services companies issued a joint statement on Monday, saying that TechnipFMC, a company to be established by the merger, secured a visa from the French stock market regulator for its prospectus relating to the listing of its ordinary shares on the Euronext Paris regulated market.

The prospectus was prepared as part of the admission to trading on Euronext Paris of all the ordinary shares of TechnipFMC that will be issued in connection with the completion of the combination between FMC Technologies and Technip.

The visa on the prospectus was the last remaining regulatory approval required in connection with the closing of the combination.

The TechnipFMC ordinary shares will be listed under ticker “FTI” on January 17, 2017, starting from the opening of the respective trading sessions on Euronext Paris (9:00 a.m. CET) and on the NYSE (9:30 a.m. EST).

To remind, the two firms first announced the intention to merge back in May, when they said the move would create “a global leader that will drive change by redefining the production and transformation of oil and gas.”

The combined company will be called TechnipFMC and will have an equity value of $13 billion (according to info from May 2016).

Share this article

Follow Offshore Energy Today

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation…

read more >

Offshore Energy Exhibition and Conference (OEEC) 2020

Offshore Energy addresses the technical, operational and commercial challenges associated with future sector growth.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply