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ABB divests Lummus.(Chementator)(ABB AG (Zurich, Switzerland))

Publication: Chemical Engineering
Publication Date: 01-SEP-07 		Format: Online
Delivery: Immediate Online Access
Full Article Title: ABB divests Lummus.(Chementator)(ABB AG (Zurich, Switzerland))(Bridge and Iron Company N.V.)(Brief article)

Article Excerpt
ABB (Zurich, Switzerland; edlinks.che.com/6899-546) has agreed to sell its Lummus Global business to Chicago Bridge & Iron Company N.V. (CB&I; The Woodlands, Tex.; edlinks.che.com/6899-547) for an enterprise value of $950 million on a debt and cash free basis, subject to adjustments at closing. The acquisition is expected to close...

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