TechnipFMC resumes spinning off some assets into an independent company Technip Energies by means of a proportional distribution of 50.1% of the new company's shares among its shareholders. The remaining 49.9% of Technip Energies will be received by TechnipFMC itself. Later, TechnipFMC will sell Technip Energies shares worth $200 million to its major shareholder Bpifrance. The demerger is expected to be completed in Q1 2021.