MONTREAL, Nov. 29, 2014 /CNW Telbec/ - SNC-Lavalin Inc. (TSX: SNC) today announced that it has received all necessary regulatory approvals in order to reach financial close on the sale of its 100-percent equity stake in AltaLink, Alberta's largest regulated electricity transmission company, to Berkshire Hathaway Energy. The Company received approvals from the Alberta Utilities Commission (AUC) and approvals pursuant to the Competition Act and Investment Canada Act. SNC-Lavalin expects to reach financial close as soon as possible.
Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 50 countries, SNC-Lavalin's employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions. www.snclavalin.com
For further information: Media: Louis-Antoine Paquin, Media Relations Manager, Global Corporate Communications, SNC-Lavalin Group Inc., 514-393-8000, ext. 54771, [email protected]; Investors: Denis Jasmin, Vice-President, Investor Relations, SNC-Lavalin Group Inc., 514-393-8000, ext. 57553, [email protected]