SNC-Lavalin receives regulatory approvals to reach financial close on sale of its 100-percent equity stake in AltaLink
30 November 2014 - 8:41AM
PR Newswire (Canada)
MONTREAL, Nov. 29, 2014 /CNW Telbec/ - SNC-Lavalin Inc.
(TSX: SNC) today announced that it has received all necessary
regulatory approvals in order to reach financial close on the sale
of its 100-percent equity stake in AltaLink, Alberta's largest regulated electricity
transmission company, to Berkshire Hathaway Energy. The Company
received approvals from the Alberta Utilities Commission (AUC) and
approvals pursuant to the Competition Act and Investment Canada
Act. SNC-Lavalin expects to reach financial close as soon as
possible.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is one
of the leading engineering and construction groups in the world and
a major player in the ownership of infrastructure. From offices in
over 50 countries, SNC-Lavalin's employees provide EPC and EPCM
services to clients in a variety of industry sectors, including
mining and metallurgy, oil and gas, environment and water,
infrastructure and clean power. SNC-Lavalin can also combine these
services with its financing and operations and maintenance
capabilities to provide complete end-to-end project solutions.
www.snclavalin.com
SOURCE SNC-Lavalin
Copyright 2014 Canada NewsWire
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