SNC Terminates 407 Stake Sale to OMERS as Legal Battle Weighs over Existing Partners

Posted on 05/17/2019

Montreal-based SNC-Lavalin Group Inc., the embattled construction firm, terminated a portion of its stake sale in 407 International Inc. to the Ontario Municipal Employees Retirement System (OMERS). However, SNC-Lavalin will sell the 407 ownership stake to one or both of the other owners of the Ontario toll highway. Canada Pension Plan Investment Board (CPPIB) owns […]