TechnipFMC completes Kanfa share purchase

TechnipFMC completes Kanfa share purchase
Illustration purposes only (Image courtesy of Kanfa)

Norway’s Sevan Marine and TechnipFMC have agreed on terms and conditions under which the latter will acquire the remaining the 51 percent in Kanfa. 

In January, TechnipFMC sent a notice to Sevan Marine exercising their option right in accordance with the shareholders’ agreement to acquire the shares held by Sevan Marine in Kanfa.

The notice came in January when French LNG-engineer Technip and Houston-based FMC Technologies started operating as a unified, combined company.

The transaction, according to Sevan Marine’s statement is valued at NOK 2 million ($236,920) and has already been completed.

Kanfa, located in Hvalstad – Asker, Norway is a process design and engineering company servicing the offshore industry.

1 NOK = 0.118460 USD

Share this article

Follow LNG World News

Events>

<< Sep 2018 >>
MTWTFSS
27 28 29 30 31 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30

The Nineteenth CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening is recognised as the premier end of year gathering for the global LNG industry.

read more >

Singapore International Bunkering Conference and Exhibition (SIBCON)

The 20th edition of the Singapore International Bunkering Conference and Exhibition (SIBCON) will be about inspiring change…

read more >

CWC World LNG & Gas Series: 10th Asia Pacific Summit

Now in its tenth year, CWC World LNG & Gas Series: Asia Pacific Summit returns to Singapore on 16 – 18 October 2018…

read more >

Offshore Energy Exhibition & Conference 2018

Offshore Energy Exhibition & Conference (OEEC) is Europe’s leading offshore energy event.

read more >