The Shaw Group Inc. (SHAW) said Friday that it has completed the divestiture of its Energy & Chemicals business to Technip (TNHPF.PK), effective August 31.
Proceeds from the transaction were about $290 million in cash.
The company noted that the completion of this transaction also satisfies one of the conditions of the agreement for CB&I to acquire Shaw.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.