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SNC-Lavalin enters into agreement to sell equity stake in AltaLink for $3.2 billion

Thursday, 1 May 2014 06:23pm EDT 

SNC-Lavalin Group Inc:Entered into a binding agreement to sell 100 percent of its interest in AltaLink to Berkshire Hathaway Energy.Based on the terms of the agreement and assuming a Dec. 31 closing date, gross proceeds to SNC-Lavalin from the sale will be about $3.2 billion. 

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