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.