MONTREAL, Jan. 6, 2017 /CNW Telbec/ - SNC-Lavalin (TSX:
SNC) is pleased to announce that on December
30, 2016, it has reached financial close on the sale of its
Real Estate Facilities Management business in Canada to Brookfield Global Integrated
Solutions. The agreement for this sale had been announced on
June 30, 2016.
The sale includes facilities management, property management,
realty management and related project management. The community
mailboxes and P3s are not included in the agreement.
SNC-Lavalin's Real Estate Facilities Management business in
Canada has approximately 1,100
employees.
This sale is a result of a review carried out under
SNC-Lavalin's Operational Excellence approach, which identified
these activities as non-core to the business strategy.
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 are proud to build what matters. Our teams provide
engineering, procurement, construction, completions and
commissioning services together with a range of sustaining capital
services to clients in four industry sectors, oil and gas, mining
and metallurgy, infrastructure and 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