Key Developments: SNC-Lavalin Group Inc (SNCAF.PK)

SNCAF.PK on OTC Markets Group

20 Oct 2014
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Latest Key Developments (Source: Significant Developments)

SNC-Lavalin Group Inc secures district cooling contract in Dubai
9:15am EDT 

SNC-Lavalin Group Inc:Says it has been awarded a $37-million contract by Tabreed Parks Investment LLC, a subsidiary of National Central Cooling Company PJSC (Tabreed), to provide district cooling facilities for the Meraasland Themed Entertainment Resort in Dubai, United Arab Emirates.  Full Article

SNC-Lavalin Group Inc sells its stake in Groupe immobilier Ovation to Industrial Alliance to Industrial Alliance Insurance and Financial Services Inc
Thursday, 2 Oct 2014 08:34am EDT 

SNC-Lavalin Group Inc:Says it has sold its 100-pct interest in Groupe immobilier Ovation to Quebec City-based Industrial Alliance Insurance and Financial Services Inc.Says Groupe immobilier Ovation owns the concession rights to Montreal's Maison symphonique concert hall, the permanent home of the Montreal Symphony Orchestra.Says purchase price of the sale is about $77.6 mln, which will be paid using a combination of cash and assumption of debt.  Full Article

SNC-Lavalin Group completes landmark acquisition of Kentz
Friday, 22 Aug 2014 06:14am EDT 

SNC-Lavalin Group Inc:Completes its acquisition of Kentz Corp.Acquisition of Kentz supports SNC-Lavalin's ongoing transformation into a global Tier-1 engineering and construction (E&C) company.  Full Article

SNC-Lavalin Group Inc receives contract by Competitive Power Ventures
Wednesday, 13 Aug 2014 11:00am EDT 

SNC-Lavalin Group Inc:Receives engineering, balance of plant procurement, and construction (EPC) contract for the St. Charles Energy Center Project in Maryland by Competitive Power Ventures, Inc. (CPV), North American electric power generation development and asset management company.CPV has projects with more than 5,000 MWs of capacity currently in development across North America, and has both natural gas and wind-power generation facilities under management.725-MW CPV St. Charles Project will be designed and constructed at 30,75 hectares greenfield site about 4 km south of community of St. Charles, Maryland.Project consists of two owner-furnished F-class gas turbines exhausting into two moderately duct-fired, triple-pressure reheat heat recovery steam generators (HRSGs).Cooling system utilizes reclaimed water from Mattawoman Wastewater Treatment Plant.  Full Article

SNC-Lavalin Group Inc selected as one of two project management service providers by infrastructure Ontario
Tuesday, 12 Aug 2014 09:00am EDT 

SNC-Lavalin Group Inc:Awarded five-year contract, with possibility of five one-year extension terms exercisable at Infrastructure Ontario's option.To deliver integrated real estate solutions projects on behalf of Infrastructure Ontario and 26 ministry clients.Over five-year term, SNC-Lavalin will deliver about $450 mln worth of capital, repair and leasehold improvement projects throughout the northern part of the province and in Toronto's downtown core.Individual projects are expected to range in value from $100,000 to $10 mln.  Full Article

SNC-Lavalin enters into agreement to sell its 21 pct interest in Astoria I
Monday, 11 Aug 2014 08:45am EDT 

SNC-Lavalin Inc:Says it has reached an agreement to sell its 21 percent interest (economic) in Astoria Project Partners LLC.Says that Astoria Project Partners LLC, through its wholly owned subsidiary, owns and operates a gas-fired combined-cycle power plant in Queens, New York City.  Full Article

SNC-Lavalin Group Inc reaffirms FY 2014 EPS outlook
Friday, 8 Aug 2014 08:43am EDT 

SNC-Lavalin Group Inc:Expects FY 2014 earnings per share guidance in the range of $2.80 to $3.05 is being maintained.FY 2014 EPS of $2.90 - Thomson Reuters I/B/E/S.  Full Article

SNC-Lavalin Group Inc declares cash dividend
Friday, 8 Aug 2014 08:43am EDT 

SNC-Lavalin Group Inc:Declares cash dividend of $0.24 per share.Payable on Sept. 5, to shareholders of record on Aug. 22.  Full Article

SNC-Lavalin Group Inc and China Nuclear Power Engineering Company sign cooperation agreement for two CANDU Reactors in Romania
Thursday, 24 Jul 2014 07:40pm EDT 

SNC-Lavalin Group Inc:Says Candu Energy Inc., an SNC-Lavalin company, signed a binding and exclusive cooperation agreement with China Nuclear Power Engineering Company, Ltd.Says the agreement for the construction of CANDU Units 3 and 4 at the Cernavoda Nuclear Power Plant in Romania.Says also signed in Vancouver, the agreement was witnessed by senior representatives of China's National Energy Administration and Natural Resources Canada.Under the agreement, SNC-Lavalin will work with the CNNC to develop reactors using Advanced Fuel CANDU (AFCR) technology in China.Says developed by SNC-Lavalin's wholly-owned subsidiary, Candu Energy, AFCR technology uses both recycled uranium- and thorium-based fuels to deliver high-performing reactors with strong environmental benefits.Says the MOU also provides a framework for collaboration between SNC-Lavalin and CNNC on uranium mining projects in China, and the pursuit of international project opportunities in various high-growth sectors and markets.  Full Article

SNC-Lavalin receives contract by Alterra Power Corp for Jimmie Creek hydro project
Thursday, 24 Jul 2014 08:30am EDT 

SNC-Lavalin Group Inc:Receives the engineering, procurement and construction management (EPCM) contract for the Jimmie Creek hydro project in British Columbia by Plutonic Upper Toba Holdings Inc., a subsidiary of Alterra Power Corp.Valued at $30.5 mln.  Full Article

SNC-Lavalin says recoups some funds in corruption case

TORONTO, Oct 1 - SNC-Lavalin Group Inc said on Wednesday it has recovered some funds it lost to former company executive Riadh Ben Aissa and could sue him for more after a Swiss court accepted his guilty pleas to money-laundering and other criminal charges.

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