Court Ruling Lets CPPIB Buy Highway 407 Stake from SNC-Lavalin

Posted on 08/07/2019


Construction firm SNC-Lavalin Group Inc received permission from an Ontario Superior Court ruling to allow the sale of its 10.01% stake in the Highway 407 toll road operator to Canada Pension Plan Investment Board (CPPIB). Two shareholders, CPPIB and Cintra Global, in the Highway 407 toll road operator were trying to acquire SNC’s stake for […]