Edition:
India

Technipfmc Provides Update On Planned Separation


Sunday, 15 Mar 2020 

March 15 (Reuters) - TechnipFMC PLC ::TECHNIPFMC PROVIDES UPDATE ON PLANNED SEPARATION.TECHNIPFMC-IMPACT OF COVID-19 CREATED MARKET ENVIRONMENT THAT IS NOT CONDUCIVE TO CO’S PLANNED SEPARATION INTO TECHNIPFMC AND TECHNIP ENERGIES, NOW.TECHNIPFMC- CO REITERATES THAT THE STRATEGIC RATIONALE FOR THE SEPARATION REMAINS UNCHANGED.TECHNIPFMC-CO COMMITTED TO TRANSACTION,CONTINUES PREPARATIONS TO ENSURE THAT TWO COMPANIES ARE READY FOR SEPARATION WHEN MARKETS SUFFICIENTLY RECOVER. 

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