EU clears way for FMC, Technip merger

OE Staff
Thursday, November 24, 2016

FMC Technologies and Technip been cleared by the European Commission to go ahead with a merger.

The firms are set to combine, with shareholders due to vote on the move, announced back in May, on 5 December.

Clearance decisions have previously been issued by antitrust authorities in the US, India, Turkey, Mexico and Russia.

The merger remains subject to other closing conditions, including approval of FMC Technologies and Technip shareholders, as well as certain antitrust and regulatory approvals and customary closing conditions.

The deal is expected to close early 2017, subject to these conditions.

Categories: Subsea Europe North America

Related Stories

Fincantieri Strikes Four Deals in $687M Underwater Expansion

Boskalis Christens 'World’s Largest' Subsea Rock Installation Vessel

German Prosecutors Charge Ukrainian in Nord Stream Blasts Case

Current News

DOF Group Wins Contract Award in APAC Region

Nigeria's Discovers Oil on Lease 74

Offshore Vessel Pair Ordered from Grandweld Shipyard

CY Frontier: First of Four Heavy Transport Vessels

Subscribe for OE Digital E‑News