Shareholders of the construction and engineering company The Shaw Group voted Friday to sell the company to Netherlands-based infrastructure giant CB&I.

Baton Rouge’s only Fortune 500 Company said in a statement that 99-percent of its shareholders voted in favor of the deal worth a little over $3-billion-dollars.

Baton Rouge Area Chamber CEO Adam Knapp said CB&I sees Baton Rouge as a center for engineering talent.

One week ago today, the Shaw Group announced it agreed to be acquired by Chicago Bridge and Iron.