Technip, FMC secure last regulatory approval

Technip, FMC secure last regulatory approval
Image courtesy of FMC Technologies

French LNG-engineer Technip and Houston-based FMC Technologies said that TechnipFMC secured a visa from the French stock market regulator for its prospectus for the listing of shares on Euronext Paris regulated market. 

According to a joint statement by the two companies, the prospectus was prepared as part of the admission to trading on Euronext Paris of all the ordinary shares of TechnipFMC that will be issued in connection with the completion of the combination between FMC Technologies and Technip.

The visa issued by the Autorité des Marchés Financiers (AMF) was the last remaining regulatory approval required in connection with the closing of the combination of the two companies.

The merger is now set to be completed after the close of business on Monday, January 16, which is the last day on which Technip shares will be traded on Euronext Paris. The last day of trading of the FMC Technologies shares on the NYSE would be January 13, 2017, the two companies said.

Prior to receiving the AMF visa, the merger was cleared by antitrust authorities in the United States, the European Union, India, Turkey, Mexico, Russia, and Brazil.

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