New Wave Media

October 17, 2018

Bpifrance, TechnipFMC File Complaint Against Naval Group

(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)

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