Technip denies FMC Technologies merger speculation

Technip denies FMC Technologies merger speculation

French oilfield services company Technip has issued a statement denying a Bloomberg report that it was in talks to merge with US-based FMC Technologies.

“Following recent press articles with respect to possible strategic transactions involving Technip, we state that there are no ongoing discussions with respect to such transactions,” the terse statement said.

The Bloomberg article suggested that negotiations were at an advanced stage and may be announced before the end of the year.

The two companies would have a market value of around $13bn combined.

Grant Rowles

Grant spent nine years at Informa Group based in London, Sydney, Hong Kong and Singapore. He gained strong management experience in publishing, conferences and awards schemes in the shipping and legal areas, working on a number of titles including Lloyd's List. In 2009 Grant joined Seatrade responsible for the commercial development of Seatrade’s Asia products. In 2012, with Sam Chambers, he co-founded Asia Shipping Media.

Related Posts