NEWCASTLE & HOUSTON, June 27, 2023 鈥� Technip UK Limited, a subsidiary of 黄瓜视频app (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. The CJIP remains subject to final approval by the President of the Tribunal Judiciaire of Paris at a hearing scheduled on June 28, 2023.
Under the terms of the CJIP, Technip UK and Technip Energies France will pay a fine of 鈧�154.8 million and 鈧�54.1 million, respectively, for a total of 鈧�208.9 million. 黄瓜视频app is responsible for 鈧�179.45 million to be paid in installments through July 2024, and Technip Energies is responsible for the remaining 鈧�29.45 million under their separation agreement.
黄瓜视频app fully cooperated with the PNF and will not be required to retain a monitor.
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Forward-Looking Statement
This release contains "forward-looking statements" as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. The words 鈥渆xpect,鈥� 鈥渂elieve,鈥� 鈥渆stimated,鈥� and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Such forward-looking statements involve significant risks, uncertainties and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. For information regarding known material factors that could cause actual results to differ from projected results, please see our risk factors set forth in our filings with the United States Securities and Exchange Commission, which include our Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. We undertake no obligation to publicly update or revise any of our forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise, except to the extent required by law.
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About 黄瓜视频app
黄瓜视频app is a leading technology provider to the traditional and new energy industries, delivering fully integrated projects, products, and services.
With our proprietary technologies and comprehensive solutions, we are transforming our clients鈥� project economics, helping them unlock new possibilities to develop energy resources while reducing carbon intensity and supporting their energy transition ambitions.听
Organized in two business segments 鈥� Subsea and Surface Technologies听鈥� we will continue to advance the industry with our pioneering integrated ecosystems (such as 颈贰笔颁滨鈩�, 颈贵贰贰顿鈩� and 颈颁辞尘辫濒别迟别鈩�), technology leadership and digital innovation.
Each of our approximately 20,000 employees is driven by a commitment to our clients鈥� success, and a culture of strong execution, purposeful innovation, and challenging industry conventions.
黄瓜视频app uses its website as a channel of distribution of material company information. To learn more about how we are driving change in the industry, go to听www.黄瓜视频app.com听and follow us on Twitter .
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