Technip Acquires Control of Cybernétix
Technip entered into an agreement with Gilles MICHEL, his holding Askoad Conseil, Comex SA and Sercel Holding, for the acquisition of all of their interests in Cybernétix S.A., representing approximately 45.7% of Cybernétix’s share capital, at an aggregate purchase price of approximately 14.1 million euros. Signing of this agreement follows today's positive opinion of Cybernétix Works' Council in relation to Technip’s acquisition of the entire interests of Cybernétix reference shareholders, as announced in the press release of November 4, 2011. The purchase price is 19 euros per share for each of the four blocks. In accordance with the General Regulations of the French Autorité des marchés financiers (AMF), following the settlement of the purchase of the blocks of shares, Technip will file with the AMF a cash tender offer to purchase the remaining shares of Cybernetix at the same price of 19 euros per share.
