SNC-Lavalin closes transaction for full ownership of AltaLink

MONTREAL, Sept. 20, 2011 /CNW Telbec/ - SNC-Lavalin announced today that it has closed the previously announced acquisition of Macquarie Essential Assets Partnership's (MEAP) 23.08% ownership interest in Calgary-based AltaLink L.P. As a result of the transaction, SNC-Lavalin now has full ownership of AltaLink.

"We're very happy the regulatory approvals have been received and the transaction has closed," said Gilles Laramée, Executive Vice-President and Chief Financial Officer, SNC-Lavalin Group Inc. "With its technical expertise and extensive experience throughout the province, AltaLink will continue to supply safe, reliable and efficient electricity to Albertans."

AltaLink is Canada's only fully independent transmission company, and is responsible for the maintenance and operation of approximately 12,000 kilometres of transmission lines and 270 substations in Alberta. It owns more than half of Alberta's transmission grid and serves 85 per cent of its population.

SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries. In business since 1911, the Company celebrates its 100th anniversary in 2011.  www.snclavalin.com.

SOURCE SNC-LAVALIN

For further information:

Media:   Investors:
Leslie Quinton
Vice-President, Global Corporate Communications
SNC-Lavalin Group Inc.
514-393-8000, ext. 7354
leslie.quinton@snclavalin.com
  Denis Jasmin
Vice-President, Investor Relations
SNC-Lavalin Group Inc.
514-393-8000, ext. 7553
denis.jasmin@snclavalin.com

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