TechnipFMC Provides Update on Planned Separation
TechnipFMC plc Ordinary Share (FTI)
Last technipfmc plc ordinary share earnings: 4/22 04:15 pm
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Source: Business Wire
LONDON & PARIS & HOUSTON--(BUSINESS WIRE)--Regulatory News:TechnipFMC plc (NYSE:FTI) (PARIS:FTI)(ISIN:GB00BDSFG982)Market conditions have changed materially due to the COVID-19 pandemic, the sharp decline in commodity prices, and the heightened volatility in global equity markets. The impacts of these events have created a market environment that is not currently conducive to the Company’s planned separation into TechnipFMC and Technip Energies.The Company reiterates that the strategic rationale for the separation remains unchanged. The Company is committed to the transaction and continues its preparations to ensure that the two companies are ready for separation when the markets sufficiently recover.Important Information for Investors and SecurityholdersForward-looking statementsThis release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934,
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