Edition:
United States

SNC-Lavalin Group Inc (SNCAF.PK)

SNCAF.PK on OTC Markets Group

41.62USD
27 Jul 2016
Change (% chg)

$-0.58 (-1.36%)
Prev Close
$42.20
Open
$41.62
Day's High
$41.62
Day's Low
$41.62
Volume
1,800
Avg. Vol
2,395
52-wk High
$43.60
52-wk Low
$26.98

Latest Key Developments (Source: Significant Developments)

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

SNC-Lavalin renews its normal course issuer bid
Thursday, 2 Jun 2016 07:45am EDT 

SNC-Lavalin Group Inc : SNC-Lavalin Group Inc renews its normal course issuer bid . SNC-Lavalin Group Inc - board has filed a notice to renew, for a 12-month period, its normal course issuer bid, which will expire on June 4, 2016 . SNC-Lavalin Group Inc - maximum of 3 million common shares, representing about 2 pct of issued and outstanding shares may be purchased under NCIB .SNC-Lavalin Group Inc says purchases may commence on June 6, 2016 and will terminate no later than June 5, 2017.  Full Article

SNC-Lavalin Group Inc maintains FY 2016 EPS guidance
Thursday, 5 May 2016 07:57am EDT 

SNC-Lavalin Group Inc:Says that it is maintaining its previously announced FY 2016 outlook for adjusted diluted EPS from E&C, which is expected to be in the range of $1.50 to $1.70.  Full Article

SNC-Lavalin awarded study contract by Sociedad Minera de Santander S.A.S. for Soto Norte Project in Colombia
Tuesday, 12 Apr 2016 10:30am EDT 

SNC-Lavalin:Says that it has been awarded a contract by Sociedad Minera de Santander S.A.S (Minesa), a subsidiary of Mubadala Development Company PJSC.to provide a Pre-Feasibility study for the Soto Norte project, a new greenfield gold mine and processing facility located in Colombia.  Full Article

SNC-Lavalin Group Inc sheds another 950 positions - GLOBML
Saturday, 19 Mar 2016 03:09am EDT 

SNC-Lavalin Group Inc:SNC-Lavalin Group Inc . is eliminating 950 jobs around the world, including 600 in Canada. The Montreal-based engineering and construction firm says all of the employees affected have been notified, with most having already left. - GLOBML.The company says the downsizing in Canada mainly involves employees in Ontario and Alberta, followed by Quebec, and follows the elimination of 4,000 positions in 2014.The latest cuts are part of a larger restructuring announced last November by chief executive officer Neil Bruce to adapt to a weaker economy.SNC-Lavalin expects to save $100-million a year from a series of efforts, including work-force reduction.The job losses touch several areas of operation including the weak oil and gas sector in Western Canada. The company has nearly 40,000 employees around the world, including almost 12,000 in Canada.  Full Article

SNC-Lavalin Group Inc - SNC Globe says Crown, SNC lawyers agree to 50-day trial - CNSWCH
Monday, 29 Feb 2016 08:26am EST 

SNC-Lavalin Group Inc:The Globe and Mail reports in its Saturday edition that a preliminary hearing over federal corruption and fraud charges against SNC-Lavalin has been set for a 50-day period starting in September, 2018. - CNSWCH.The Globe's Bertrand Marotte writes that the Crown prosecutor and lawyers for SNC agreed on Friday to combine two separate cases related to the charges into a single preliminary hearing.Both cases involve charges of embezzlement of funds, bribery and other wrongdoing related to contracts SNC had in Libya between 2001 and 2011.Former SNC senior executive Sami Bebawi is named as a defendant in one case while SNC and some of its subsidiaries are named in the other.SNC acknowledges there was wrongdoing in the North African country but that it was by executives who have since left the company, and says it has undergone a sweeping overhaul of its ethics and compliance procedures.The company is suing Mr. Bebawi as well as another former executive, Riadh Ben Aissa, alleging they embezzled money from SNC while doing deals on its behalf in Libya.In a separate criminal case, former SNC chief executive officer Pierre Duhaime faces charges of fraud, conspiracy to commit fraud and using forged documents.  Full Article

SNC-Lavalin joint venture awarded $2.75 billion contract for execution phase of Darlington nuclear refurbishment project by Ontario Power Generation
Monday, 11 Jan 2016 03:30pm EST 

SNC-Lavalin Group Inc:Announces that its 50/50 joint venture (JV) with Aecon Group has been awarded a $2.75 billion contract to carry out the execution phase of the Darlington Re-tube and Feeder Replacement (RFR) scope of work by Ontario Power Generation.First outage is targeted to begin in the fourth quarter of 2016 and it will take approximately ten years to complete the work on all four units.  Full Article

BRIEF-SNC-Lavalin Group awarded 5-year framework agreement by Oryx GTL in Qatar

* SNC-Lavalin awarded five-year engineering consultancy framework agreement by Oryx GTL in Qatar