Darrois Villey Maillot Brochier advises TechnipFMC in the spin-off transaction intended to create two industry-leading, independent, publicly traded companies
TechnipFMC plc (NYSE: FTI) (Paris: FTI) has announced that its Board of Directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies: RemainCo, a fully-integrated technology and services provider, continuing to drive energy development; and SpinCo, a leading engineering and construction (E&C) player, poised to capitalize on the global energy transition. As detailed in the company issued press release, the transaction is expected to be structured as a spin-off of TechnipFMC’s Onshore/Offshore segment to be headquartered in Paris, France.
Darrois Villey Maillot Brochier advised TechnipFMC in the transaction with a team led by Bertrand Cardi, Olivier Huyghues Despointes, Ben Burman (partners) and Hadrien Bourrellis (corporate), Henri Savoie (partner) and Patrick Mèle (counsel) (public law).
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