THE WOODLANDS, Texas, Jan. 4, 2016 /PRNewswire/ -- CB&I (NYSE: CBI) today announced it has completed the sale of its nuclear construction business to Westinghouse Electric Company LLC effective Dec. 31, 2015.
"We have completed all of the required closing requirements and have transferred total responsibility for the Stone & Webster nuclear construction business to Westinghouse, as defined in the purchase agreement," said Philip K. Asherman, CB&I's President and Chief Executive Officer. "Our focus will be on continued growth and improved cash flows from CB&I's solid backlog and integrated business model."
About CB&I CB&I (NYSE: CBI) is the most complete energy infrastructure focused company in the world. With 125 years of experience and the expertise of approximately 54,000 employees, CB&I provides reliable solutions while maintaining a relentless focus on safety and an uncompromising standard of quality. For more information, visit www.cbi.com.
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