You can use your smart phone to browse stories in the comfort of your hand. Simply browse this site on your smart phone.

    Using an RSS Reader you can access most recent stories and other feeds posted on this network.

    SNetwork Recent Stories

SNC-Lavalin completes the transfer of fifth Canadian asset into its Infrastructure investment vehicle

by ahnationtalk on June 28, 20181269 Views

SNC-Lavalin completes the transfer of fifth Canadian asset into its Infrastructure investment vehicle

June 28, 2018

SNC-Lavalin (TSX: SNC) announces today that it has finalized the transfer of its fifth asset, the McGill University Health Centre, Glen site, to the SNC-Lavalin Infrastructure Partners LP (the “Partnership”). This transaction completes the transfer of SNC-Lavalin’s interest in five mature Canadian P3 assets into the Partnership.

“We are delighted that the transfer of the five seed assets into the venture is now complete. This transaction represents a total cash consideration of approximately C$191 million, which will create significant value for SNC-Lavalin, and furthers our presence in the infrastructure investment management business,” said Chantal Sorel, Executive Vice-President and Managing Director, Capital, SNC-Lavalin.

The Partnership is SNC-Lavalin’s infrastructure investment vehicle, which was established to efficiently redeploy capital back into new development opportunities. The launch of the Partnership was previously announced by SNC-Lavalin on June 30, 2017. The initial closing of the first four assets was reached on September 27, 2017; it included the William R. Bennett Bridge (Kelowna, BC), the Canada Line (Vancouver, BC), the Southeast Stoney Trail (Calgary, AB) and the Restigouche Hospital Centre (Campbellton, NB).

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin’s employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients across oil and gas, mining and metallurgy, infrastructure, clean power, nuclear and EDPM (engineering design and project management). On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world’s most respected design, engineering and project management consultancies, which has been integrated into our sectors.



Send To Friend Email Print Story

Comments are closed.

NationTalk Partners & Sponsors Learn More