Technip Welcomes French Strategic Investment Fund as Shareholder
The Fonds Stratégique d’Investissements (FSI -- the French Strategic Investment Fund) has acquired a shareholding stake of more than 5% following the purchase of shares in the market. Technip welcomes the entry into its capital structure of a prestigious, long-term shareholder who understands the attractions of the oil and gas services industry and Technip's differentiating attributes.
Commenting this operation, Thierry Pilenko, Chairman and CEO, stated, "We look forward to maintaining a dialogue with the FSI as a major new shareholder of the Group. During the first half of 2009, Technip has demonstrated its ability to deliver on our commitments, based on our key strengths in oil and gas technology and project execution, and we will continue to work hard to create long-term value for all our shareholders."