LogIn LogOut

Bpifrance, TechnipFMC File Complaint Against Naval Group

October 17, 2018

(File photo: Naval Group)
(File photo: Naval Group)

French state-owned bank Bpifrance and oil services company TechnipFMC have filed a complaint against Naval Group for willful misrepresentation, a source close to the matter told Reuters, confirming a story in Challenges magazine.

The complaint was filed in a Paris tribunal after Naval Group decided to wind down its tidal energy division, in which both Bpifrance and Technip had also invested, Challenges magazine wrote.

Naval Group declined to comment.

(Reporting by Matthieu Protard and Cyril Altmeyer; Writing by Ingrid Melander; Editing by Leigh Thomas and Adrian Croft)



Current News

Pacific Radiance Eyeing New Loan Source

Pacific Radiance Eyeing New Loan Source

GlobalData: Gas to Dominate 2020 O&G FIDs

GlobalData: Gas to Dominate 2020 O&G FIDs

Permanent Deals for Monadelphous' Ichthys Workers

Permanent Deals for Monadelphous' Ichthys Workers

Bumi Armada Loses Woodside FPSO Case

Bumi Armada Loses Woodside FPSO Case

Chevron to Ditch Indonesian Deepwater Development Stake?

Chevron to Ditch Indonesian Deepwater Development Stake?

Keppel O&M Turns Profitable in 2019

Keppel O&M Turns Profitable in 2019

Aramco Sells LNG Cargo to S-Oil

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week