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Snc-Lavalin Group Inc (SNCAF.PK)

SNCAF.PK on OTC Markets Group

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Latest Key Developments (Source: Significant Developments)

Snc-Lavalin to acquire WS Atkins for £20.80 per share in cash
Thursday, 20 Apr 2017 04:22pm EDT 

April 20 (Reuters) - Snc-Lavalin Group Inc :Snc-Lavalin to acquire WS Atkins to greatly expand our global consulting, design and project management capabilities.Snc-Lavalin to acquire WS Atkins to greatly expand our global consulting, design and project management capabilities.Snc-Lavalin Group Inc - deal for £20.80 per share in cash.Snc-Lavalin Group Inc - expected to deliver approximately $120 million of cost synergies by end of first full financial year after effective date.Snc-Lavalin Group Inc - deal for $3.6 billion.Snc-Lavalin Group - deal expected to be immediately accretive to snc-lavalin's consolidated and e&c adjusted earnings per share before any revenue and cost synergies.Snc-Lavalin Group Inc - Snc-Lavalin does not expect integration review to have a material impact on continued employment of Atkins' employees.Says acquisition represents an enterprise value of $4.2 billion, including pension deficit.Snc-Lavalin Group Inc - entered into a new £300 million unsecured term loan.Expects to maintain its investment-grade rating following closing of acquisition.Snc-Lavalin group-acquisition to be funded through equity,debt issuance,and supported by Caisse De Dépôt Et Placement Du Québec, co's largest shareholder.Snc-Lavalin Group Inc - reaffirming 2017 outlook for adjusted earnings per share from E&C of $1.70 to $2.00.Fy2017 earnings per share view C$1.89 -- Thomson Reuters I/B/E/S.  Full Article

SNC-Lavalin awarded detailed design services contract by Codelco for Talabre Tailings expansion project
Thursday, 13 Apr 2017 08:00am EDT 

Snc-lavalin Group Inc : Snc-Lavalin awarded detailed design services contract by codelco for the talabre tailings expansion project . Snc-Lavalin group inc - has been awarded a contract by corporación nacional del cobre de chile .Snc-Lavalin group - contract to provide detailed design services for talabre tailings expansion phase viii project, located in city of calama.  Full Article

BWXT awarded CA$55 mln contract for feeder supply in support of OPG’S Darlington refurbishment
Thursday, 13 Apr 2017 06:45am EDT 

BWX Technologies Inc : BWXT awarded ca$55 million contract for feeder supply in support of OPG’s Darlington refurbishment . BWX Technologies Inc - project duration will be approximately five years .BWX Technologies Inc - unit been awarded feeder manufacturing contract from SNC-Lavalin / Aecon joint venture valued at approximately CA$55 million.  Full Article

SNC-Lavalin awarded two UK design contracts
Wednesday, 12 Apr 2017 08:00am EDT 

SNC-lavalin Group Inc : SNC-Lavalin awarded two UK design contracts . SNC-Lavalin Group Inc - Announce award of two design contracts for London Underground .SNC-Lavalin Group Inc - Services provided by SNC-Lavalin's Rail & Transit team will assist LU in improving rail vehicle accessibility.  Full Article

SNC-Lavalin awarded midstream oil and gas project with TGI in Colombia
Tuesday, 11 Apr 2017 08:00am EDT 

SNC-Lavalin Group Inc :SNC-Lavalin Group Inc - Been awarded a $35 million lump sum Turnkey Engineering, procurement and construction (epc) contract for TGI S.A. ESP.  Full Article

SNC-Lavalin awarded inspection services contract from HMDC and Exxonmobil Canada Properties
Monday, 10 Apr 2017 08:00am EDT 

SNC-Lavalin Group Inc : SNC-Lavalin awarded inspection services contract from HMDC and Exxonmobil Canada Properties .SNC-Lavalin - has been awarded 6-year contract by partnership composed by Hibernia Management & Development Company and Exxonmobil Canada Properties.  Full Article

Snc-Lavalin awarded contract for Chevron Australia
Thursday, 6 Apr 2017 08:00am EDT 

Snc-lavalin Group Inc : Snc-Lavalin awarded onshore and offshore telecommunications maintenance and support contract for Chevron Australia .Snc-Lavalin Group- as per contract, co will provide both onshore and offshore maintenance for 30 telecommunication and electronic systems.  Full Article

SNC-Lavalin's unit awarded a 5-year commissioning support services framework agreement by Petroleum Development Oman
Tuesday, 7 Mar 2017 08:00am EST 

SNC-Lavalin Group Inc : SNC-Lavalin - unit Kentz Overseas Company WLL awarded a 5-year commissioning support services framework agreement by Petroleum Development Oman . SNC-Lavalin - framework agreement extends from 2017 to 2022 .SNC-Lavalin - under deal, co to provide systems completions, commissioning, start-up service activities on portfolio of oil and gas megaprojects in Oman.  Full Article

Snc-Lavalin Group reports Q4 earnings per share C $0.01
Thursday, 2 Mar 2017 07:30am EST 

Snc-lavalin Group Inc: Q4 revenue c$2.21 billion versus i/b/e/s view c$2.4 billion . Snc-Lavalin announces fourth quarter results, with a 2016 full year adjusted diluted eps from e&c of $1.51, a 5% increase in dividend and an increase in its outlook for 2017 . Q4 earnings per share c$0.01 . Q4 earnings per share view c$0.47 -- Thomson Reuters I/B/E/S . For 2017, adjusted diluted eps from e&c in range of $1.70 to $2.00 . Revenue backlog totaled $10.7 billion at end of december 2016 . "We anticipate continuing market challenges in 2017 in certain of company's sectors" . Expect increased segment ebit margins for all segments in 2017, compared to 2016, except for mining & metallurgy .Expect increased segment ebit margins for all segments in 2017, compared to 2016, except for mining & metallurgy.  Full Article

Snc-Lavalin sells its ongoing activities in France to Ciclad and Impact Holding
Friday, 30 Dec 2016 07:30am EST 

Snc-lavalin Group Inc : Snc-Lavalin Group Inc - agreement does not include Snc-Lavalin's TC dome S.A.S. Capital Investment . Sale should positively impact overall EBIT margin of company's infrastructure sector. . Snc-Lavalin Group Inc - to sell its ongoing activities in France and in Monaco to Ciclad and Impact Holding for a nominal amount .Snc-Lavalin sells its ongoing activities in France to Ciclad and Impact Holding.  Full Article

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