TechnipFMC: Paris-listed shares fall ahead of spin-off

Chiyoda

09/02/2021 09:09

** Paris-listed shares in TechnipFMC  FTI.N  dip 4% ahead of
a spin-off between Technip Energies and TechnipFMC, an analyst
said
    ** "My guess is that some people are not familiar (with) and
keen on turnkey business", the brokers said calling Technip's
share move a "technical effect" and expecting shares to rally
again post-spinoff next week
    ** Yet, Citi analysts expect that the major LNG contract
Franco-American oilfield services firm and Chiyoda won on
Tuesday with Qatar Petroleum is estimated at around $13 billion,
and will provide greater revenue visibility ahead of the planned
spin-off  urn:newsml:reuters.com:*:nASN000T4T
    ** Another analyst said bigger expectations on the side of
the award for the LNG contract might have sent shares down
    ** Share price is at its lowest in 35 days 

 ((dagmarah.mackos@thomsonreuters.com))