MONTREAL, June 20, 2013 /CNW Telbec/ - Following the Quebec Financial
Market Regulator (AMF) decision to add Dessau to the Registry of
non-eligible firms for public contracts (RENA), we intend to present a
new request for an integrity certificate as soon as possible.
As stipulated in the AMF's letter, we have 90 days to do so. However,
this is quite a long period and significant repercussions will be
inevitable within our firm.
Dessau's management team will strive to do everything in their power to
minimize the impact this decision will have on our 5,000 employees and
their families, of which 3,700 work in Quebec. Unfortunately, some
short-term layoffs will be necessary.
Among our employees, there are some 430 current shareholders whose
interests we also firmly intend to protect by all means necessary.
Although the AMF acknowledges that Dessau has implemented several
actions up until now to reestablish its integrity, these are considered
recent. We nonetheless intend to pursue our efforts to meet the AMF's
Founded in 1957, Dessau is the sixth largest engineering-construction
firm in Canada and ranks among the top 60 firms worldwide. With
expertise in a wide range of fields related to engineering and
construction, Dessau plans, designs, builds and manages infrastructure
for its private and public sector clients. Dessau employs 5,000 people,
is active coast to coast in Canada and has offices in Algeria, Chile,
Colombia and Peru.
SOURCE: Dessau Inc.
For further information:
Advisor, External Communications
Tel.: 514-281-1033 ext. 2032