In addition, Bpifrance supports the transaction and confirmed to Technip and FMC Technologies that all their governing bodies have approved the terms of the support agreement, including the obligation to vote in favour of transaction decisions submitted to Technip`s general meeting, subject in particular to the favourable recommendation of Technip`s board of directors. As it had previously been agreed that Bpifrance would have a seat on TechnipFMC`s Board of Directors, Bpifrance will retain its Technip shares until the closing of the transaction, with the possibility of increasing its stake to a maximum of 6% of TechnipFMC`s capital on a fully diluted basis for a period of two years from the conclusion of the transaction. Doug Pferdehirt, President and Chief Operating Officer of FMC Technologies, who will be the CEO of TechnipFMC, added: “The combination of FMC Technologies and Technip is an exciting opportunity for both companies to shape the future of the oil and gas industry by accelerating technological innovation, integrating and improving project implementation and reducing costs to customers. The quick conclusion of the consultation process is evidence of the logic and strategic reasons for the merger. Factors that could cause actual results to differ materially from those of forward-looking statements include not obtaining current regulatory or shareholder approvals in a timely manner or by any other means; Failing to meet other conditions for completion of proposed transactions; If favourable advice is not obtained from a lawyer for each company on how FMC Technologies SIS Limited (renamed TechnipFMC plc) (“TechnipFMC”) should be treated as a result of the proposed transaction for U.S. tax purposes; risks associated with tax debts or changes to U.S. federal or international tax laws or interpretations to which they are subject, including the risk that the Internal Revenue Service may not agree that TechnipFMC is a foreign capital company for federal tax purposes in the United States; the risks that new businesses will not be successfully integrated or that combined firms will not realize the estimated cost savings, the value of certain tax assets, synergies and growth, or that achieving such benefits may take longer than expected; Failure to realize the expected benefits of combined operations Risks associated with unforeseen integration costs Reduce customer spending or slow down customer payments Unforeseen changes in competitiveness factors in the business industry; ability to recruit and retain key personnel The ability to successfully integrate businesses The potential impact of the proposed transaction announcement or conclusion on third-party relationships, including customers, employees and competitors; The ability to attract new customers and retain existing customers in the manner expected; Dependence and integration of computer systems changes to the law or administrative rules that affect businesses; international, national or local economic, social or political conditions that could have a negative impact on businesses or their customers; conditions in the credit markets; Risks associated with the parties` assumptions about critical parties` estimates and court proceedings; and the international operations of parties subject to the risks of currency fluctuations and exchange controls.