Acquisition of Shaw Group Would Boost CB&I's Global Energy Capabilities
One analyst says that Shaw's sale of its energy and chemicals business to Technip earlier this year, which is set to close by next March, made the link with CB&I "easier to consummate." Shaw also is selling its nuclear sector investment in Westinghouse.
"I think the biggest risk to CBI is the end-market expansion into the power sector," says Fisher. "Any time you have end market expansion combined with fixed price contracts you have risk. I wouldn't be terribly surprised if CBI sold off some of the services assets - perhaps environmental and infrastructure - that were acquired in this deal."
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