MONTREAL, Dec. 11, 2017 /CNW Telbec/ - SNC-Lavalin
(TSX: SNC) announced today that it recently has reached an
agreement with all the public bodies of Quebec that have received its offer under the
Voluntary Reimbursement Program (VRP).
"We are very pleased to have reached a settlement under the
VRP," said Neil Bruce, President and
Chief Executive Officer, SNC-Lavalin. "For the last few years now,
SNC-Lavalin has publicly said on numerous occasions that it is
willing to work to reach an agreement, and we are proud to have
achieved this important step."
This settlement is final and fair. SNC-Lavalin publicly offered
all of Quebec's public bodies to
avail themselves of the VRP.
The terms of the agreement remain confidential under the program
and its enabling statute.
About SNC-Lavalin
Founded in 1911, SNC-Lavalin is a global fully integrated
professional services and project management company and a major
player in the ownership of infrastructure. From offices around the
world, SNC-Lavalin's employees are proud to build what matters. Our
teams provide comprehensive end-to-end project solutions –
including capital investment, consulting, design, engineering,
construction, sustaining capital and operations and maintenance –
to clients in oil and gas, mining and metallurgy, infrastructure
and power. On July 3, 2017,
SNC-Lavalin acquired Atkins, one of the world's most respected
design, engineering and project management consultancies.
www.snclavalin.com
SOURCE SNC-Lavalin