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SNC-Lavalin to sell part of stake in HWY 407 for $3.25 billion

from Global News

SNC-Lavalin Group Inc. has signed a deal to sell the bulk of its stake in Ontario’s 407 toll highway operator for $3.25 billion, some of which will go toward a loan from Quebec’s pension fund. The OMERS pension plan will buy a 10.01 per cent stake in 407 International Inc., reducing SNC-Lavalin’s interest to 6.76 per cent, according to a recently announced agreement. more


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