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    Technip to sell majority share in Seamec

    Company News // April 24, 2014

    Technip has entered into a binding agreement for the divestment of a majority stake of at least 51 per cent and up to 75 per cent in Seamec Limited†to HAL Offshore Limited, India at a consideration of Rs 97 per share (Ä20 million for a 51 per cent stake and up to Ä29 million for a 75 per cent stake).

    "This divestment allows for the development of the Seamec business and HALís and
    is part of Technipís strategy of†concentrating†on its core competencies," said Technip.

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