Sophie appointed to Technip board, makes you wonder if a Technip takeover is back on the cards.
The company is a lot cheaper now compared what it was in 2014.
https://www.businesswire.com/news/home/20210301005915/en/TechnipFMC-Appoints-Sophie-Zurquiyah-to-its-Board-of-Directors
What is the strategic fit other than both companies will be bailed out by the French Government?
Sophie and some of the other CGG managers should do well there as they are all experienced at talking a sweet story around a stinking pile of manure.
TechnipFMC has just split itself into TechnipFMC and Technip Energies, neither company is going to buy CGG anytime soon.
Why would Technip acquire CGG now?
PREPARING TO DESERT A SINKING SHIP
Thierry Pilenko (may his name live in infamy - the guy who replaced Dave Robson at Veritas, and sold them to CGG) was Chairman of Technip until 2019.
Not sure if there's a link there!
That will improve Technips prospects based on the track record since joining CGG
she can work her magic there too