Shaw completes sale energy & chemicals business Technip

Shaw completes sale of energy & chemicals business to Technip

5:00 AM, 3rd September 2012
Shaw completes sale of energy & chemicals business to Technip

BATON ROUGE, US: The Shaw Group Inc has completed divestiture of substantially all of its Energy & Chemicals business to Technip, effective August 31, 2012. Proceeds from the transaction were approximately $290 million in cash. The completion of this transaction also satisfies one of the conditions of the recently announced agreement for CB&I to acquire Shaw.

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