Deals
McDermott Exploring Sale of Storage and Tank Business
- Firm bought CB&I in 2018 to expand energy-services footprint
- McDermott went bankrupt after incurring debt to acquire CB&I
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McDermott International, Inc. is mulling options, including a sale, for its storage and tank business, according to people with knowledge of the matter.
The engineering and construction firm is working with a financial adviser on the sale of its CB&I platform, said the people who asked not to be identified because the details are private. Bids for the business are due in early August, they added.