Technip owns a 75% stake of Seamec and has agreed to sell an interest worth at least 51%, but may also divest the entire holding.
The 51% stake would be sold for the equivalent of €20 million ($27.6 million). The 75% interest would be worth up to €29 million, Technip said.
The divestment "is part of Technip’s strategy to concentrate on its core competencies involving deepest subsea complex, deep-water oil and gas developments", the company said.
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