Technip Says London Still Natural HQ of TechnipFMC Despite Brexit Vote
PARIS, June 24 (Reuters) - French oil services company Technip said on Friday there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies, including plans for London to be the legal headquarters of the new group.
Technip announced an all-stock merger with U.S. rival FMC Technologies in May to create an oil services group with combined revenue of $20 billion.
The new entity will have a complex structure, with three main headquarters, in Paris, Houston and London, where it will be domiciled.
There is no reason why Brexit should impact the deal, a Technip spokeswoman said.
"London is a natural place to put the new company. The operational organization on TechnipFMC is clear also and not London dependent," the spokeswoman told Reuters.
(Reporting by Bate Felix, editing by Gus Trompiz)
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Technip Says London Still Natural HQ of TechnipFMC Despite Brexit Vote (Jun 24)
- FMC Kongsberg Secures Johan Sverdrup EPC Contract (Sep 18)
- Statoil Taps FMC Technologies for Services at Snorre (Jan 25)
Company: TechnipFMC plc more info
- TechnipFMC to Build Pioneering Vietnam Project (Aug 28)
- Sasol Plans More Hiring for Louisiana Project (Oct 12)
- Bapco To Meet Technip-Led Consortium For Talks On Refinery Expansion (Aug 22)