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Maire Tecnimont Acquires Sofipart, Owner of Technip KTI

9:17 AM MST | March 11, 2010 | Natasha Alperowicz

Engineering group Maire Tecnimont (Rome) has agreed to acquire the entire share capital of Sofipart S.r.l, a company that controls 76.1% of KTI Management, which, in turn, owns 75% of Technip KTI S.p.A, an international process engineering company based in Rome. The deal entails the immediate transfer to Maire Tecnimont of 40% of the share capital of Sofipart, while the purchase of the remaining 60% is dependent on the confirmation by the antitrust authorities, which is expected within the second quarter of 2010. The total price is equivalent to €52 million...

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