McDermott to Sell CB&I Storage Business for $475MM
McDermott International Ltd is selling its CB&I storage business to a consortium of financial investors led by Mason Capital Management. Under the terms of the agreement, McDermott said it expects to receive $475 million before taxes and transaction expenses. The transaction is expected to be completed in the fourth quarter.
McDermott announces agreement to sell CB&I storage business
McDermott International, Ltd. (Houston) announced it has entered into an agreement to sell its CB&I storage business (CB&I) to a consortium of
McDermott Announces Agreement to Sell CB&I Storage Business Line to Consortium of Financial Investors
McDermott International, Ltd (McDermott) today announced it has entered into an agreement to sell its CB&I storage business (CB&I) to a consortium of financial investors led by Mason Capital Management.
Consortium to purchase CB&I from McDermott
A consortium led by Mason Capital Management announced that it has entered into a definitive agreement to acquire the CB&I storage solutions business from McDermott International, Ltd.
Consortium Led by Mason Capital Management to Acquire CB&I From McDermott
CB&I is the world's most technically advanced builder of storage facilities serving customers across the water and wastewater, upstream, downstream, petrochemical and industrial sectors. The Company delivers products and solutions for critical energy infrastructure projects,
McDermott to sell CB&I storage unit to Mason-led consortium for $475m
McDermott plans to use the proceeds from the sale to repay CB&I's term loan, cash collateralise certain letters of credit and reduce an existing term loan.
Upstream6d
McDermott announces $475 million sale of storage business
McDermott International announced a $475 million deal on Monday to sell its CB&I storage business to an investor group led by Mason Capital Management. CB&I is a global designer and builder of ...
McDermott Scores FEED Contract for Rovuma LNG in Mozambique
The contract scope of work includes the modular design of a greenfield liquefied natural gas (LNG) production facility in Afungi.
TMCnet3d
CB&I Awarded Contract by Saipem Clough JV for Ammonia, Other Process Tanks for Perdaman Chemicals and Fertilisers in Western Australia
The Perdaman Chemicals and Fertilisers development will be the world's largest gas stream ammonia-urea plant. The Burrup Peninsula is approximately eight kilometers from Dampier and 20 kilometers ...
Upstream3d
McDermott secures Saipem ammonia storage contract
McDermott subsidiary CB&I has won a contract to build ammonia storage and other process tanks for Saipem’s Perdaman chemicals ...
McDermott awarded EPCI contract for more work on Qatar LNG expansion project
McDermott awarded contract by QatarEnergy LNG for North Field South offshore pipelines and cables, part of project to double ...
Longview News-Journal10d
QatarEnergy LNG Awards McDermott EPCI Contract for the North Field South Offshore Pipelines and Cables Project
HOUSTON, Oct. 3, 2024 /PRNewswire/ -- McDermott has been awarded an engineering, procurement, construction and installation (EPCI) contract by QatarEnergy LNG for the North Field South (NFS ...