Success of Technip's Offer on Coflexip

Thursday, October 11, 2001
Coflexip Stena Offshore announced today that following the publication by the French Financial Markets' Board of the results of the public offerings of Technip on Coflexip's share capital, Technip now holds 98.36% of Coflexip and 98.54% of its voting rights.

In its July 25 meeting, the Board of Directors of Coflexip had recommended that Coflexip shareholders tender their shares to Technip's offer.

CSO, the leading global contractor for subsea and deepwater solutions to the offshore oil and gas industry, offers technically advanced and cost-effective best in class services and products for the development of offshore hydrocarbon fields worldwide. From front-end engineering to field abandonment, the Group solutions in engineering, fabrication and installation are proposed on either an integrated or a segmented basis.

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