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Technip agrees to sell its majority share in Seamec

PARIS -- Technip has entered into a binding agreement for the divestment of a majority stake of at least 51%, but up to 75%, in Seamec to HAL Offshore at a consideration of $1.590 per share.

This divestment allows for the development of the Seamec business and HAL’s and is part of Technip’s strategy to concentrate on its core competencies.

It allows Technip to continue to invest in and grow its business in India.

 

04/24/2014

 

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