Tag: Energy & Chemicals

Shaw to sell Energy & Chemicals Group to Technip

The Shaw Group Inc. announced it has entered into a definitive agreement to sell substantially all of its Energy & Chemicals business to Technip. Under the terms of the agreement, Technip will acquire substantially all of the business of the Energy & Chemicals Group for approximately USD 300 million in cash consideration, subject to adjustment based on the Energy & Chemicals Group’s debt and working capital levels at closing. Shaw will retain Energy & Chemicals Group personnel in its Baton Rouge office, which will be integrated into the company’s Plant Services Division, as well as Shaw Consulting International Inc., which will be incorporated into Shaw’s Environmental & Infrastructure Group.