TechnipFMC, the French American oil and gas services firm, said on Aug. 26 it would divide itself into two listed companies.
The group was created in early 2017 through the merger of France’s Technip and U.S.-based FMC Technologies. Under the proposed demerger the group would spin off its onshore and offshore engineering and construction business into a new company, listed and based in Paris and with revenue of $6 billion. The remaining company, based in Houston and listed in Paris and New York, would focus on capital-intensive subsea technologies and services and has revenue of $7 billion.
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Source: Reuters - 🏆 2. / 97 Read more »