The Shaw Group Inc. (SHAW: Quote) 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.
Click here to receive FREE breaking news email alerts for SHAW GROUP INC and others in your portfolio
by RTT Staff Writer
For comments and feedback: firstname.lastname@example.org