TechnipFMC se dividirá em duas empresas de capital aberto

TechnipFMC Will Split Into Two Publicly Traded Companies

Written by Paulo Nogueira

Published on 27/08/2019 at 01:00

Updated on 27/08/2019 at 06:24

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The Oil Services Company TechnipFMC, Based in Houston and Paris, Will Split into Two Public Companies.

In a statement on the morning of Monday, August 26, the company’s board of directors announced that TechnipFMC will be split into RemainCo and SpinCo, two independent public companies. Keep an eye on the giants Petrobras and 11 foreign companies that have already signed up for the auction of the 16th ANP Round.

RemainCo will focus on technology, services, and development projects, while SpinCo will be an engineering, procurement, and construction company in the energy sector.

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Company employees said that the separation would improve the focus of both RemainCo and SpinCo on their respective strategies and provide greater flexibility and growth opportunities.

The decision comes two years after the merger of Technip, based in Paris, and FMC Technologies, based in Houston.

The separation is expected to be completed in the first half of 2020, subject to customary conditions, consultations, and regulatory approvals, at which point all outstanding shares of SpinCo will be distributed to existing TechnipFMC shareholders.

The merger of Technip SA and FMC Technologies Inc. in 2017 established TechnipFMC as the only fully integrated subsea provider, the company said in a press release.

Doug Pferdehirt, President and CEO of TechnipFMC, said: “Since the formation of TechnipFMC, we have been pioneers in the integrated business model for subsea projects and have transformed the project economics of our clients. To further enhance value creation, our board of directors and management team have continuously assessed strategic options and, after a comprehensive analysis, determined that it is in the best interest of TechnipFMC and all our shareholders to create two purely diversified leaders. We are confident that the separation would allow both companies to thrive independently within their sectors, enabling each to unlock significant additional value.”

Benefits to be Gained, According to the Company

Distinct and Expanding Market Opportunities and Specific Customer Bases
Enhanced Management Focus, Resources, and Capital
Robust Backlogs Supporting Future Revenue Growth
Strong Balance Sheets and Capital Structures Tailored to Individual Business Needs
Attractive and Distinct Investment Profiles

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TechnipFMC Will Split Into Two Publicly Traded Companies

The Oil Services Company TechnipFMC, Based in Houston and Paris, Will Split into Two Public Companies.

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Benefits to be Gained, According to the Company

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