Technip Energies acquires 1.8M of its own shares from TechnipFMC

Jan. 11, 2022 7:01 AM ETTechnip Energies N.V. (THNPY), THNPFBy: Deepa Sarvaiya, SA News Editor
  • Technip Energies (OTCPK:THNPF) acquires 1.8M of its own shares from TechnipFMC plc.

  • The Company’s agreement to purchase these shares is part of TechnipFMC’s announced sell-down of its stake in the company.

  • The purchase price of the shares is set at €13.15/share.

  • The settlement for the sale is expected to take place on or around January 14, 2022.

  • Upon completion of the Sale, TechnipFMC’s stake in the Company will be reduced to approximately 7%.

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