Competition authorities approve McDermott, CB&I merger


Houston and the Woodlands, Texas – McDermott International Inc. and CB&I have received antitrust clearance in Russia for their proposed combination.

 

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With this clearance, the companies have received all the required competition authority approvals for the transaction.
The merger remains subject to approval by McDermott’s and CB&I’s shareholders, completion of financing and other closing conditions. It is expected to be completed in 2Q 2018.

 

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