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Technip SA (TECF.PA)

TECF.PA on Paris Stock Exchange

67.05EUR
9 Dec 2016
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Latest Key Developments (Source: Significant Developments)

FMC Technologies, Technip S.A enter merger agreement
Thursday, 16 Jun 2016 05:08pm EDT 

FMC Technologies : On June 14, co and Technip S.A entered into a definitive business combination agreement . Business combination agreement provides for merger of Technip with and into Topco ( 'Technip merger'), with Topco surviving merger . Following consummation of mergers, former Technip stockholders will own about 50.9 percent of Topco, former stockholders of co will own about 49.1 percent of Topco Source: (http://1.usa.gov/1UlUVhk ) Further company coverage: [FTI.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

GE and Technip sign MoU to explore digital solutions for new LNG projects
Tuesday, 14 Jun 2016 07:00am EDT 

Technip SA :General Electric and Technip sign memorandum of understanding to explore digital solutions for new LNG projects.  Full Article

Technip awarded contract for project in Saudi Arabia
Thursday, 26 May 2016 01:00am EDT 

Technip SA :Awarded contract to provide basic engineering and proprietary equipment for furnace project in Saudi Arabia.  Full Article

Technip awarded contract for furnace project in Saudi Arabia
Thursday, 26 May 2016 01:00am EDT 

Technip SA :Awarded contract to provide basic engineering and proprietary equipment for furnace project in Saudi Arabia.  Full Article

Technip awarded umbilical supply contract by Statoil in Norway
Wednesday, 25 May 2016 01:00am EDT 

Technip SA : Technip awarded umbilical supply contract by Statoil in Norway . Contract covers project management, engineering and manufacture of over 9 kilometers of static steel tube umbilical . Field is located approximately 8 kilometers north west of Oseberg field center at block 30/9-30/6 on Norwegian continental shelf, at water depths of 100 meters .Project is scheduled to be completed during first half of 2017.  Full Article

FMC Tech says co may pay Technip a termination fee of $250 mln
Thursday, 19 May 2016 06:23am EDT 

Fmc Technologies : Under certain circumstances in connection with termination of mou, co to pay technip a termination fee of $250 million - sec filing . If mou terminated because technip board changes recommendation on proposed deal, technip to pay co termination fee of $250 million .Technip may terminate mou if it receives opinion of works council in opposition to proposed deals, provided it reimburses certain expenses of co, topco.  Full Article

FMC Technologies and Technip to combine to form TechnipFMC
Thursday, 19 May 2016 02:21am EDT 

Fmc Technologies Inc : Combined company, which will be called TechnipFMC, would have an equity value of $13 billion based on pre-announcement share prices . Technip shareholders to receive 2.0 shares of combined company for each share of Technip . Fmc technologies shareholders to receive 1.0 share of combined company for each share of FMC Technologies . TechnipFMC to be listed on New York and Paris stock exchanges . Deal expected to deliver at least $400 million in annual pretax cost synergies in 2019 . Deal significantly accretive to both companies' earnings per share . Each company's shareholders will own close to 50 percent of combined company . Cos entered mou and expect to execute business combination agreement to combine companies in an all-stock merger transaction . Combined company expects to achieve pretax cost synergies of approximately $200 million in 2018 . Technip chairman and CEO, Thierry Pilenko, will serve as executive chairman of technipfmc's board of directors . Doug Pferdehirt, currently FMC Technologies' president and coo, will serve as CEO of TechnipFMC . Technip and FMC Technologies "confident" in combined co's ability to fund both an annual cash dividend and share repurchase program .FMC Technologies and Technip to combine: driving change by redefining the production and transformation of oil and gas.  Full Article

FMC Technologies and Technip to combine in TechnipFMC
Thursday, 19 May 2016 02:00am EDT 

Technip : FMC Technologies and Technip to combine . Combined company will be called TechnipFMC . All-Stock transaction: Technip shareholders to receive 2.0 shares of combined company for each share of Technip . FMC Technologies shareholders to receive 1.0 share of combined company for each share of FMC Technologies . TechnipFMC to be listed on New York and Paris stock exchanges . Expected to deliver at least $400 million in annual pretax cost synergies in 2019 . Combined company would have an equity value of $13 billion based on pre-announcement share prices . Goldman Sachs and Rothschild are acting as financial advisors to Technip .Evercore and Société Générale are acting as financial advisors to FMC Technologies.  Full Article

Technip awarded engineering services contract by Woodside
Wednesday, 11 May 2016 01:00am EDT 

Technip :Wins an engineering services contract from Woodside to provide multi-disciplinary engineering services as part of an engineering panel.  Full Article

Technip wins contract extension for logistic base in Brazil
Wednesday, 27 Apr 2016 01:00am EDT 

Technip:Wins a contract extension for its logistic base in Vitória, Brazil.Scope covers storage, handling, inspection, testing, load-out internal cleaning and maintenance of flexibles pipes.  Full Article

BRIEF-FMC Technologies, Technip S.A. contacted by U.S. DOJ regarding offshore platform projects

* Technip S.A. contacted by U.S. DOJ, notably regarding offshore platform projects awarded between 2003 and 2007 performed in Brazil by a JV