HAL TO ACQUIRE A 9.9% STAKE IN TECHNIP
HAL entered into an agreement with TechnipFMC plc to acquire a 9.9% stake (net of treasury shares) in Technip Energies N.V. at a price per share of € 11.15, corresponding to a total investment of € 196 million. Technip Energies is an engineering and technology company that primarily targets energy and downstream markets, including energy transition markets. It has approximately 15,000 employees, has its headquarters in Paris, and is listed on Euronext Paris. Its revenues over 2020 amounted to € 5.7 billion.
HAL will first acquire a 4.9% stake in Technip Energies from TechnipFMC with settlement in the coming days. The transfer to HAL of the remaining 5.0% stake is subject to approval by the Brazilian competition authority, and is expected early in the fourth quarter of 2021. HAL has agreed to a 180-daylock-up period for the to be acquired shares.
HAL Holding N.V.
September 3, 2021
HAL HOLDING N.V.
5, AVENUE DES CITRONNIERS, MC 98000 MONACO
Commercial registry Curaçao 46339
TEL: (377) 92 16 75 79 FAX: (377) 93 25 54 34
HAL Trust NV published this content on 03 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 September 2021 07:31:07 UTC.