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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 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

Snc-Lavalin awarded EPC contract by Codelco Division Norte for the construction of two sulphuric acid plants
Tuesday, 22 Nov 2016 08:30am EST 

Snc-lavalin Group Inc : Snc-Lavalin Group Inc says construction of two sulphuric acid plants at Chuquicamata copper smelter complex is expected to begin in early 2017 . New sulphuric acid plants will replace those currently in operation at facility .Snc-Lavalin awarded EPC contract by Codelco Division Norte for the construction of two sulphuric acid plants.  Full Article

SNC-Lavalin awarded two-year contract extension by the government of Canada
Tuesday, 4 Oct 2016 08:00am EDT 

SNC-Lavalin : Lavalin awarded two-year contract extension by the government of Canada .Lavalin Group Inc - contract valued up to $180 million to provide in-service-support to Royal Canadian Navy's minor warships and auxiliary vessels.  Full Article

SNC-Lavalin updates outlook for full year 2016 results
Thursday, 29 Sep 2016 07:30am EDT 

SNC-Lavalin Group Inc: Lavalin updates outlook for full year 2016 results . Lavalin - just established, and expects to be recording in q3, unfavorable cost and revenue reforecasts on two oil & gas projects in middle east . Lavalin group inc - discussions are ongoing to attempt to resolve commercial issues in middle east contracts . Lavalin Group Inc - outlook for other segments remains largely unchanged with infrastructure segment trending to be slightly better than expected . Lavalin Group Inc - updating its 2016 outlook from an adjusted earnings per share from e&c of $1.50 to $1.70 to an adjusted earnings per share from e&c of $1.30 to $1.60. . Lavalin Group Inc - Q4 is expected to return to a more normal run rate .Lavalin Group Inc - continues to target an annualized adjusted e&c EBITDA margin of 7% in 2017.  Full Article

SNC-Lavalin signs an agreement in principle for a joint venture with China National Nuclear Corporation & Shanghai Electric Company
Thursday, 22 Sep 2016 12:04pm EDT 

Snc : Lavalin signs an agreement in principle for a joint venture with China National Nuclear Corporation & Shanghai Electric Company . Lavalin Group Inc - new company is expected to be registered in mid-2017 . Lavalin Group Inc - new co would be followed by formation of two design centres - one in Canada and another in China .Lavalin group inc says joint venture company would develop, market and build advanced fuel candu reactor.  Full Article

SNC-Lavalin awarded construction services contract
Wednesday, 24 Aug 2016 06:00pm EDT 

SNC-Lavalin Group Inc : Awarded construction services contract for the Balama Graphite Project in Mozambique . Contract is valued at c$21.7 million .Lavalin-Balama project involves Greenfield Graphite Mine, of which processing plant to have production rate of over 350,000 tons per annum.  Full Article

SNC-Lavalin Group awarded 5-year framework agreement by Oryx GTL in Qatar
Monday, 18 Jul 2016 09:00am EDT 

Snc-lavalin Group Inc : SNC-Lavalin awarded five-year engineering consultancy framework agreement by Oryx GTL in Qatar . Snc-Lavalin awarded five-year engineering consultancy framework agreement by Oryx GTL in Qatar .Lavalin Group Inc says agreement sets out predefined rates for a number of work elements that will be required at facility.  Full Article

SNC-Lavalin says to sell real estate facilities management business in Canada
Thursday, 30 Jun 2016 08:00am EDT 

SNC-Lavalin Group Inc : Says community mailboxes and P3s are not included in agreement . Says sale is a result of a review carried out, which identified these activities as non-core to business strategy . Says "aligning our operations & maintenance business in canada with SNC-Lavalin's core sectors" . Says transfer of employment to Brookfield GIS will occur during a transition period .SNC-Lavalin reaches an agreement to sell its real estate facilities management business in Canada for $45 million to brookfield global integrated solutions.  Full Article

SNC-Lavalin group says Aecon Group JV awarded contracts by Ontario Power Generation
Monday, 27 Jun 2016 07:00am EDT 

SNC-Lavalin Group Inc : SNC-Lavalin Group Inc says JV with Aecon Group awarded two multimillion-dollar contracts by Ontario Power Generation (opg) for nuclear services . Lavalin Group Inc says first contract, valued at $265 million , is for refurbishment of all four 935-megawatt steam turbine generators at station .Lavalin group says second contract is for engineering, procurement and construction of retube waste processing building, valued at $127 million.  Full Article

Potash Ridge enters into MOU with SNC-Lavalin for development of Blawn Mountain project
Thursday, 23 Jun 2016 10:17am EDT 

Potash Ridge Corp : Potash ridge enters into memorandum of understanding with snc-lavalin for the development of the blawn mountain project .Under terms of MOU, SNC will have exclusive option to execute development of blawn mountain.  Full Article

Romanian Nuclearelectrica shuts down nuclear reactor due to bad weather glitch

BUCHAREST, Jan 6 Romanian state-owned nuclear power producer Nuclearelectrica has shut down its first nuclear reactor on the river Danube earlier on Friday due to a technical glitch caused by a snowstorm, it said in a statement.