Shaw Group to sell Westinghouse shares to Toshiba for $1.6B

The Shaw Group will sell its minority shares in Westinghouse Electric to Toshiba for $1.6 billion, according to Chairman and CEO James Bernhard. The group said its decision won't affect its contract with Westinghouse for several nuclear-development projects in the U.S. and China. Shaw also expects to continue future projects with Toshiba and Westinghouse.

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