TechnipFMC had stated that the company’s plan to demerge as two companies, TechnipFMC and Technip Energies, would be postponed due to the global market instability.
The company mentioned the pandemic of the new coronavirus, the steep decline in commodity prices, and the global equity market’s intensified volatility were attributing to the decision.
However, TechnipFMC’s stance to separate remains unchanged. The company is committed and strengthening the preparations until the market situation improves.
