MONTREAL, June 28, 2018 /CNW Telbec/ - 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. www.snclavalin.com
SOURCE SNC-Lavalin