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Technip SA (TECF.PA)

TECF.PA on Paris Stock Exchange

49.92EUR
29 Jul 2016
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Latest Key Developments (Source: Significant Developments)

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

Technip will provide proprietary equipment to the S-Oil refinery in South Korea
Thursday, 21 Apr 2016 08:00pm EDT 

Technip:Will provide proprietary equipment to the S-Oil refinery in South Korea.  Full Article

Technip SA - Stung by large U.S. fines, France to tighten anti-corruption laws - Reuters News
Tuesday, 29 Mar 2016 04:48am EDT 

Technip SA:France is tightening its anti-corruption laws to clean up its image after several French companies were slapped with huge fines abroad, with planned reforms including greater protection for whistleblowers and a new anti-corruption agency. - RTRS.Two years ago, France's biggest bank, BNP Paribas, was fined $9 billion by U.S. authorities over violations of sanctions against Sudan, Cuba and Iran.French engineering company Alstom ALSO.PA and oil groups Total and Technip were also forced to pay millions of dollars to the U.S. authorities over bribery allegations.French Finance Minister Michel Sapin will unveil the new bill to the cabinet on Wednesday, before sending it to parliament for discussion."We are badly ranked internationally, we're under suspicion," Sapin told France Inter radio on Tuesday."So we must wash away this suspicion and for that we need strong measures," he said. The bill will also include the creation of a government-wide registry of lobbyists and a ban on "large" gifts to government officials, officials at the finance ministry said.France was ranked 23rd in Transparency International's latest corruption perception index, below Germany, Britain and the United States, and was criticised by the Organisation for Economic Co-operation and Development (OECD) in 2014.  Full Article

Technip awarded a 3 yr contract by Total E&P Angola
Thursday, 10 Mar 2016 01:00am EST 

Technip:Technip awarded a three-year contract by Total E&P Angola for engineering services.Technip Angola Engenharia Limitada will carry out contract, which is scheduled for completion at end of 2018.  Full Article

Technip successfully places tap issue of its EUR 75 mln synthetic bonds
Wednesday, 9 Mar 2016 01:05am EST 

Technip:Successfully places a tap issue of its synthetic bonds of 75 million euros.Additional issue share reference price is 48.8355 euros.Resulting offer/final tap price is 112.43802 pct, expressed as a percentage of principal amount per new bond.  Full Article

Technip launches tap issue of synthetic bond
Wednesday, 2 Mar 2016 07:00pm EST 

Technip:Launches a tap issue of non-dilutive cash-settled convertible bonds, which will be issued in a nominal amount of 75 million euro.The issue price of the new bonds will be between 108.0 pct and 110.5 pct of their nominal value.Structure will combine the issue of non-dilutive cash-settled convertible bonds, which will be linked to the ordinary shares of the company.Bonds shall be fully fungible with and assimilated to the 375 million euro non-dilutive cash-settled convertible bonds due 25 January 2021.  Full Article

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Oil industry suppliers see light at the end of the tunnel

OSLO/MILAN European suppliers to the oil industry, hit by their customers' spending cutbacks over the past two years, have produced stronger than expected second-quarter earnings and are cautiously pointing to signs of recovery in demand.