TechnipFMC plc announced the sale of 9 million Technip Energies N.V. shares (the “Shares”) through private sale transactions (the “Sale”). The sale price of the Shares in the Sale is set at €13.15 per Share, yielding total gross proceeds of €118.4 million.

Upon completion of the Sale, representing approximately 5% of Technip Energies’ issued and outstanding share capital (the “Share Capital”), TechnipFMC retains a direct stake of approximately 7% of Technip Energies’ Share Capital.

The Sale was conducted without a public offering in any country and included the following parties:

Bpifrance Participations SA (3.6 million Shares);
HAL Investments, the Dutch investment subsidiary of HAL Holding N.V (3.6 million Shares); and
Technip Energies (1.8 million Shares).
Settlement for the Sale is expected to take place on or around January 14, 2022.

TechnipFMC is subject to a 30-day lock-up for its remaining shares in Technip Energies that expires on February 9, 2022.

About TechnipFMC

TechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.

With our proprietary technologies and comprehensive solutions, we are transforming our clients’ project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.

Organized in two business segments — Subsea and Surface Technologies — we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI™, iFEED™ and iComplete™), technology leadership and digital innovation.