Technip bids for CSO

News - July 13, 2001

| More
Engineering and construction contractor Technip SA has made what is being called a "friendly unsolicited offer" for Coflexip SA and holding company Isis.

Technip said the deal would create Technip-Coflexip, which it described as "a world-class leader in oil and gas engineering, products, and solutions" that would have the largest capitalisation of any company in the European oil and gas service market.

Shortly after the details of the offer were revealed, Coflexip Stena Offshore (CSO) said it was aware of the offer by Technip for the share capital of Coflexip, and said that the offer had not been approved by Coflexip to date.

However, CSO said the management of Coflexip would be determining what its next step should be in association with its advisors and would be holding a Board Meeting and would issue a statement later.

More articles from this category

More news

Categories

Product Guide

News Letter

Fill in your name, company and e-mail address below for our bi-weekly newsletter.

Subscribe
Unsubscribe

Clarksons

Powered by MARIS.

Subscribe to Offshore Shipping News Online RSS

Follow Offshore Shipping News Online on Twitter

Subscribe to email updates

Sponsors

sponsorsponsorsponsor

Events

FPSO Integrity Management and Life Extension
24-25 November 2014
United kingdom, London.

Design and Operation of OSVs for Ice and Cold Climates
24-25 November 2014
United kingdom, London.

OSV Chartering Contract Management Africa
24-25 November 2014
South africa, Cape Town.

Subsea and OSV Africa
26-27 November 2014
South africa, Cape Town.

FPSO Training Course Paris
01-03 December 2014
France, Paris.

More events