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Technip, FMC merger vote in December

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LNG Industry,

Technip and FMC Technologies Inc. have announced that they have scheduled their respective shareholders' meetings on 5 December 2016 to vote on the proposed combination of the two companies.

As announced on 19 May 2016, Technip and FMC Technologies intend to combine to “create a global leader that will drive change by redefining the production and transformation of oil and gas.”

A combined proxy statement of FMC Technologies regarding the special meeting and registration statement of TechnipFMC on Form S-4 was declared effective by the United States Securities and Exchange Commission on 24 October 2016, and a definitive combined proxy statement and prospectus will be mailed to FMC Technologies shareholders.

In addition to the approval of Technip and FMC Technologies shareholders, the proposed combination remains subject to other closing conditions, including the conclusion of antitrust review in certain countries, other regulatory approvals, and other customary closing conditions. The combination is expected to close in early 2017, subject to the satisfaction of these conditions.

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