US Shaw receives offers for chemicals and energy business

29 March 2012 14:41  [Source: ICIS news]

HOUSTON (ICIS)--Shaw has received several offers from potential buyers for its energy and chemicals segment, the US-based global engineering and construction group said on Thursday.

Shaw added it would continue to evaluate strategic alternatives for the business.

The company expects to make a decision on the business’s future during its current fiscal quarter ending 31 May, it said.

Shaw announced in October last year that it was considering selling the business.

Shaw’s energy and chemicals segment provides a range of services and technologies to the oil and gas, refining, petrochemical and upstream industries.

Financial details of the offers were not disclosed.

By: Stefan Baumgarten
+1 713 525 2653

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