Shaw Group (SHAW) +1.2% AH after agreeing to sell its energy and chemicals business to Technip...

|About: Shaw Group Inc. (SHAW)|By:, SA News Editor

Shaw Group (SHAW) +1.2% AH after agreeing to sell its energy and chemicals business to Technip (TKPPY.PK) for ~$300M. Shaw says the move will allow it to pursue opportunities in its primary industries, which include providing engineering and facilities management services to oil companies and electric utilities.