{"id":766242,"date":"2023-06-27T08:11:41","date_gmt":"2023-06-27T12:11:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-reaches-resolution-of-french-parquet-national-financier-pnf-investigation\/"},"modified":"2023-06-27T08:11:41","modified_gmt":"2023-06-27T12:11:41","slug":"technipfmc-reaches-resolution-of-french-parquet-national-financier-pnf-investigation","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-reaches-resolution-of-french-parquet-national-financier-pnf-investigation\/","title":{"rendered":"TechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation"},"content":{"rendered":"

<\/p>\n

\nTechnipFMC Reaches Resolution of French Parquet National Financier<\/i> (PNF) Investigation \u00a0<\/p>\n

NEWCASTLE & HOUSTON–(BUSINESS WIRE<\/a>)–
\nTechnip UK Limited, a subsidiary of TechnipFMC plc (NYSE:FTI), and Technip Energies France SAS, a subsidiary of Technip Energies NV, have agreed to resolve their outstanding matters with the French Parquet National Financier<\/i> (PNF). The resolution encompasses historical conduct arising from nearly fifteen-year-old former Technip S.A. group projects. This settlement took the form of a convention judiciaire d’interet public<\/i>, or CJIP, which does not involve any admission of liability or guilt. The CJIP remains subject to final approval by the President of the Tribunal Judiciaire<\/i> of Paris at a hearing scheduled on June 28, 2023.<\/p>\n

\nUnder the terms of the CJIP, Technip UK and Technip Energies France will pay a fine of \u20ac154.8 million and \u20ac54.1 million, respectively, for a total of \u20ac208.9 million. TechnipFMC is responsible for \u20ac179.45 million to be paid in installments through July 2024, and Technip Energies is responsible for the remaining \u20ac29.45 million under their separation agreement.<\/p>\n

\nTechnipFMC fully cooperated with the PNF and will not be required to retain a monitor.<\/p>\n

Important Information for Investors and Securityholders<\/b><\/p>\n

\nForward-Looking Statement<\/p>\n

\nThis 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, as amended. The words \u201cexpect,\u201d \u201cbelieve,\u201d \u201cestimated,\u201d and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.<\/p>\n

About TechnipFMC<\/b><\/p>\n

\nTechnipFMC is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.<\/p>\n

\nWith our proprietary technologies and comprehensive solutions, we are transforming our clients\u2019 project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.<\/p>\n

\nOrganized in two business segments \u2014 Subsea and Surface Technologies \u2014 we will continue to advance the industry with our pioneering integrated ecosystems (such as iEPCI\u2122, iFEED\u2122 and iComplete\u2122), technology leadership and digital innovation.<\/p>\n

\nEach of our approximately 20,000 employees is driven by a commitment to our clients\u2019 success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.<\/p>\n

TechnipFMC uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to <\/b>www.TechnipFMC.com<\/b><\/a> and follow us on Twitter @TechnipFMC.<\/b><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230627724032\/en\/<\/a><\/span><\/p>\n

Investor relations
\n
<\/b>
Matt Seinsheimer
\n
Senior Vice President, Investor Relations and Corporate Development
\n
Tel: +1 281 260 3665
\n
Email: Matt Seinsheimer
\n<\/a><\/p>\n

James Davis
\n
Director, Investor Relations
\n
Tel: +1 281 260 3665
\n
Email: James Davis<\/a><\/p>\n

Media relations
\n
<\/b>
Catie Tuley
\n
Director, Public Relations
\n
Tel: +1 713 876 7296
\n
Email: Catie Tuley
\n<\/a><\/p>\n

David Willis
\n
Senior Manager, Public Relations
\n
Tel: +44 7841 492988
\n
Email: David Willis<\/a><\/p>\n

KEYWORDS:<\/b> North America France United States United Kingdom Europe Texas<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Energy Other Technology Technology Other Energy<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

TechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation \u00a0 NEWCASTLE & HOUSTON–(BUSINESS WIRE)– Technip UK Limited, a subsidiary of TechnipFMC plc (NYSE:FTI), and Technip Energies France SAS, a subsidiary of Technip Energies NV, have agreed to resolve their outstanding matters with the French Parquet National Financier (PNF). The resolution encompasses historical conduct arising from nearly fifteen-year-old former Technip S.A. group projects. This settlement took the form of a convention judiciaire d’interet public, or CJIP, which does not involve any admission of liability or guilt. The CJIP remains subject to final approval by the President of the Tribunal Judiciaire of Paris at a hearing scheduled on June 28, 2023. Under the terms of the CJIP, Technip UK and Technip … <\/p>\n

Continue reading “TechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-766242","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/technipfmc-reaches-resolution-of-french-parquet-national-financier-pnf-investigation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"TechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation \u00a0 NEWCASTLE & HOUSTON–(BUSINESS WIRE)– Technip UK Limited, a subsidiary of TechnipFMC plc (NYSE:FTI), and Technip Energies France SAS, a subsidiary of Technip Energies NV, have agreed to resolve their outstanding matters with the French Parquet National Financier (PNF). The resolution encompasses historical conduct arising from nearly fifteen-year-old former Technip S.A. group projects. This settlement took the form of a convention judiciaire d’interet public, or CJIP, which does not involve any admission of liability or guilt. The CJIP remains subject to final approval by the President of the Tribunal Judiciaire of Paris at a hearing scheduled on June 28, 2023. 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