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Article: French hike Technip stake.(International)(Brief article)
- Article from:
- The Oil Daily
- Article date:
- September 10, 2009
CopyrightCOPYRIGHT 2009 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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French strategic investment fund FSI said Wednesday that it has raised its stake in French engineering contractor Technip from 2.6% to 5% by buying shares on the open market. FSI did not disclose financial details.
"Through this investment FSI supports Technip in fully playing its role as a key actor in French competitiveness," FSI said in a statement.
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