CB&I Completes Shaw Group Acquisition (USA)

CB&I said that it has completed the acquisition of The Shaw Group. CB&I and Shaw shareholders approved the transaction in December 2012.

“We are extremely pleased that the transaction to acquire Shaw is officially complete and we thank the shareholders for their support,” said Philip K. Asherman, President and CEO of CB&I.

“With the close of the transaction, CB&I is the most complete energy infrastructure focused company in the world. Through our now 50,000 talented employees, we have the capabilities and the expertise to provide our clients with a world of solutions, and a tremendous strategic advantage in responding to the growing demand for energy infrastructure around the globe.”

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LNG World News Staff, February 14, 2013; Image: Shaw Group