TechnipFMC Reaches Resolution of French Parquet National Financier (PNF) Investigation
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).
- 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.
- TechnipFMC fully cooperated with the PNF and will not be required to retain a monitor.