Bpifrance Participations SA entered into a share purchase agreement to acquire an additional 2% minority stake in Technip Energies N.V. (ENXTPA:TE) from TechnipFMC plc (NYSE:FTI) for €47.3 million on January 9, 2022. Bpifrance Participations SA will acquire 3,600,000 Ordinary Shares of Technip Energies N.V. at €13.15 per share. Bpifrance Participations obtained the funds to purchase the Ordinary Shares from working capital. Transaction is subject to closing conditions as mentioned in agreement. Agreement shall lapse and no longer have legal effect if Settlement has not occurred by January 20, 2022. Settlement for the Sale is expected to take place on or around January 14, 2022. Christopher R. Drewry of Latham & Watkins LLP acted as legal advisor to TechnipFMC plc. Pierre-Yves Chabert of Cleary Gottlieb Steen & Hamilton LLP acted as legal advisor to Bpifrance Participations SA.

Bpifrance Participations SA completed the acquisition of an additional 2% minority stake in Technip Energies N.V. (ENXTPA:TE) from TechnipFMC plc (NYSE:FTI) subsequent to the first quarter end of 2022.