Nov. 1, 2010 (Canada NewsWire Group) --
MONTREAL, Nov. 1, 2010 /CNW Telbec/ - SNC-Lavalin announced today that it has sold its minority participation in Trencap L. P. to the Caisse de Dépôt et placement du Québec for approximately $118 million, resulting in a gain after taxes of about $27 million.
Trencap holds an indirect substantial interest in Gaz Métro, a limited partnership involved in the distribution of natural gas. SNC-Lavalin has held an 11.1% minority equity interest in Trencap since June 2004.
SNC-Lavalin (TSX: SNC) is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure, and in the provision of operations and maintenance services. SNC-Lavalin has offices across Canada and in over 35 other countries around the world, and is currently working in some 100 countries. www.snclavalin.com.
| Media | Investors |
| Leslie Quinton Vice-President, Global Corporate Communications SNC-Lavalin Group Inc. 514-393-8000, ext. 7354leslie.quinton@snclavalin.com | Denis Jasmin Vice-President, Investor Relations SNC-Lavalin Group Inc. 514-393-8000, ext. 7553denis.jasmin@snclavalin.com |
