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Brazil: CADE approves Technip/FMC global merger

By  |  December 6, 2016

Brazilian antitrust regulator CADE has approved of the merger between French energy industry services company Technip and US-based subsea equipment firm FMC Technologies.

CADE’s approval was the last major hurdle for the amalgamation first announced in May this year. Other global jurisdictions had already given their OK to the move.

The CADE decision is subject to a 15-day waiting period and the transaction is expected to be complete in early 2017. Shareholders of Paris-based Technip and Houston-based FMC also need to give approval but that should be a formality.

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