SNC Lavalin Selling Assets

SNC–Lavalin has sold its wholly-owned Alberta electricity transmission operation for a huge profit as part of its restructuring, and is planning to reduce its 16.8% stake in the 407 toll highway “over the medium term.”

The sale of AltaLink to Berkshire Hathaway Energy for Cdn $3.2 billion caps 18 months of waiting as SNC’s new president, Robert Card, began to refocus the company on its engineering and construction businesses.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.