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| Technip to continue the share-repurchase program  Technip has reached the halfway point of a new share buyback program, having repurchased 6,760,000 shares for a total amount of approximately EUR 300 million, the Paris-based engineering, construction and services group said 17 Oct. Technip initiated the program at the beginning of May 2006 to enhance shareholder value by returning to its shareholders approximately EUR 600 million of cash which became available following the conversion into equity of the Group’s convertible bond on March 23, 2006.The company plans to continue the share buyback program as market conditions permit. write your comments about the article :: © 2006 Construction News :: home page |