McDermott to reduce debt by divesting two businesses

McDermott International has reviewed its portfolio as part of the integration process resulting from its combination with CB&I earlier this year and decided to divest two of its businesses and use the proceeds to reduce debt. 

McDermott said on Tuesday that this decision reaffirmed the company’s commitment to its core capabilities as a vertically integrated provider of technology-led onshore and offshore EPC/EPCI services.

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