TechnipFMC demerger a ‘bold move’, Woodmac says

The decision by global energy service firm TechnipFMC to split into two separate listed companies has been described as a “bold move” by research firm Wood Mackenzie (Woodmac).

Commercial intelligence group Woodmac said the news that the London-headquartered firm is to split shows is intent on “playing the long game” and positioning itself for a “longer-term market shift”.

TechnipFMC announced last night that it will separate into two companies, RemainCo and SpinCo.

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