Technip denies sale talks

Technip has issued a short statement denying reports that it is in discussion with FMC Technologies Inc. regarding a potential combination.

Reuters recently reported that talks had been held between the two companies, although there was no certainty that terms would be agreed. The report also suggested that Technip had held talks with other potential buyers, quoting unidentified sources.

The statement from Technip read: “Following recent press articles with respect to possible strategic transactions involving Technip, we state that there are no ongoing discussions with respect to such transactions.”

Edited from various sources by Callum O'Reilly

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