TechnipFMC to split into 2 publicly traded companies
Oilfield service provider TechnipFMC PLC said its board of directors approved a plan to separate into two publicly traded companies called RemainCo. and SpinCo., according to an Aug. 26 release.
The transaction will be structured as a spinoff of Technip's onshore/offshore segment and will be headquartered in Paris.
SpinCo. will be an engineering and construction pure-play firm with approximately 15,000 employees. The firm will be incorporated in the Netherlands, headquartered in Pari...