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Technip to Acquire Energy and Chemical Unit from Shaw Group for $287m to Complement its Downstream Technology Business - Deal Analsis from GlobalData

Technip to Acquire Energy and Chemical Unit from Shaw Group for $287m to Complement its Downstream Technology Business - Deal Analsis from GlobalData

Table of Contents

Market Briefing
Published: May 2012
Pages: 6
Tables: For full details, please email deborahf@cmsinfo.com
From: GBP 312.50  Buy Now!
Research from: GlobalData
Sector: Oil & Gas

Technip to Acquire Energy and Chemical Unit from Shaw Group for $287m to Complement its Downstream Technology Business - Deal Analsis from GlobalData

Summary

Technip (Technip), an energy services company, has agreed to acquire Energy and Chemicals (E&C) business from the Shaw Group Inc. (Shaw), a provider of integrated services to the power, oil and gas, chemical, and offshore industries, for a purchase consideration of approximately ?225m ($287.18m) in cash. Technip will fund the transaction cost from its existing cash resources.

Under the terms of agreement, Shaw Group will retain E&C Group personnel in its Baton Rouge office, which will be integrated into its plant services division, as well as Shaw Consulting International Inc., which will be incorporated into Shaw?s Environmental & Infrastructure Group.

Barclays PLC is acting as financial advisor, while Davis Polk & Wardwell LLP is acting as legal advisor to Technip. UBS Investment Bank is acting as financial advisor, while Vinson & Elkins LLP is acting as legal advisor to the Shaw group in the transaction.

The transaction is subject to customary price adjustment and closing conditions, including regulatory approvals, and is expected to be completed during the second half of 2012.

Scope

- Rationale behind Technip acquiring Energy and Chemical Unit of Shaw
- Stratigic benefits for the companies involved in the transaction
- Geography covered - France

Reasons to buy

- Develop a sound understanding of the major M&A's, Partnerships, and Joint Ventures taking place in oil and gas services industry,
- Identify the most lucrative segments to leverage on the growth oppurtunities available in the oil & gas market around the World,
- Get a detailed analysis of a deal to enable you to take better decisions.

Keywords

Energy and Chemical Unit, Downstream Technology, Energy and Chemicals (E&C) business, Stone and Webster technologies

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