LNG

Technip, one of the world’s leading LNG engineering companies, has agreed to pay more than $1 billion for US-based subsea specialists Global Industries, a transaction that will enhance the Paris-based company’s Floating LNG project capabilities.

Technip said it was paying $8 in cash for every outstanding share of Global, a 55 percent premium over the closing share price on September 9.

Subscriber content
	This content is available only to subscribers please log in below or subscribe now / request a free trial
	Username Password Remember me Forgot your password? Forgot your username? Create an account