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Last C$43.36 CAD
Change Today +1.07 / 2.53%
Volume 809.3K
As of 4:37 PM 10/8/15 All times are local (Market data is delayed by at least 15 minutes).

snc-lavalin group inc (SNC) Snapshot

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52 Week High
10/9/14 - C$50.95
52 Week Low
08/24/15 - C$35.89
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Current Stock Chart for SNC-LAVALIN GROUP INC (SNC)

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snc-lavalin group inc (SNC) Details

SNC-Lavalin Group Inc. provides engineering and construction, and operations and maintenance services worldwide. The company operates through Resources, Environment, and Water; Power; Infrastructure; and Infrastructure Concession Investments (ICI) segments. The Resources, Environment, and Water segment engages in mineral and metal recovery processes activities, including mine infrastructure development, mineral processing, smelting, refining, mine closure and reclamation, and mine and tailings management, as well as produces fertilizers and sulphur product. It also undertakes oil and gas projects in the upstream, midstream, and downstream sectors for oil and gas resources companies; and is involved in engineering activities in the areas of acoustics, air quality and climate change, impact assessments and community engagement, geo-environmental services, site assessments and remediation, risk assessments, and water resource management. The Power segment undertakes projects, such as hydro, nuclear, and thermal power generation; renewable power generation; energy from waste; and electrical transmission and distribution systems. The Infrastructure segment undertakes infrastructure and construction projects in a range of sectors, including hospitals, mass transit, heavy rail, roads, bridges, airports, ports and harbours, facilities architecture and engineering, industrial, geotechnical engineering, and materials testing, as well as water infrastructure and treatment facilities. It also provides operations, maintenance, and logistics solutions for buildings, power plants, postal services, broadcasting facilities, highways, bridges, light rail transit systems, airports, and ships. The ICI segment invests in infrastructure concessions for public services, such as airports, bridges, cultural and public service buildings, highways, mass transit systems, power, and water treatment facilities. SNC-Lavalin Group Inc. was founded in 1911 and is headquartered in Montreal, Canada.

42,003 Employees
Last Reported Date: 03/5/15
Founded in 1911

snc-lavalin group inc (SNC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$947.8K
Chief Financial Officer, Executive Vice-Presi...
Total Annual Compensation: C$518.8K
Senior Executive Vice-President and Group Pre...
Total Annual Compensation: C$488.0K
Advisor to the Board and Chief Executive Offi...
Total Annual Compensation: C$975.8K
Compensation as of Fiscal Year 2014.

snc-lavalin group inc (SNC) Key Developments

SNC-Lavalin to Pay $1.5 Million over Bribery Allegations

SNC-Lavalin is turning another page on its sullied past with a deal to settle corruption allegations in two African countries in a move it hopes could provide a formula to resolve problems in Canada. Under the deal, the company has agreed to pay $1.5 million and accept certain conditions to settle a corruption case filed by the African Development Bank Group. The regional development bank said the settlement resolves allegations, which SNC didn't contest, that former employees of SNC-Lavalin International Inc. ordered illicit payments to public officials to secure two contracts. The development bank said one of the contracts was awarded to SNC in October 2008 to supervise construction of a road and bridge in Mozambique. The other contract was awarded in 2010 to supervise a road upgrade in Uganda. In 2013, the World Bank suspended SNC-Lavalin International and more than 100 affiliates from bidding on projects it finances for up to 10 years over allegations of bribery in Bangladesh and Cambodia. SNC-Lavalin wants Canada to adopt a similar model used in Britain and the United States that allows it to pay a fine but spares companies trials that could prevent convicted firms from bidding on government contracts. The company will appear in court October 16 for a criminal fraud case filed in Canada. The RCMP alleges that SNC-Lavalin paid nearly $47.7 million to public officials in Libya between 2001 and 2011 to influence government decisions. It also charged the company, its construction division and its SNC-Lavalin International subsidiary with one charge each of fraud and one of corruption for allegedly defrauding various Libyan organizations of about $129.8 million. SNC has said it will plead not guilty and that the charges stem from alleged activities of former employees who face criminal charges. If convicted, SNC-Lavalin could be banned from bidding on Canadian government contracts for 10 years under Ottawa's so-called integrity framework. However, the federal government has moved to reduce penalties if companies co-operate with authorities and take remedial action.

SNC-Lavalin Wins $45 Million Engineer Contract by Saskpower for the Island Falls Powerhouse Concrete Rehabilitation Project in Saskatchewan

SNC-Lavalin announced that it has been awarded the owner's engineer contract by SaskPower for the Island Falls Powerhouse Concrete Rehabilitation project in Saskatchewan. The total capital cost of the project is $45 million.

SNC-Lavalin Joint Venture Wins $146 Million Power Contract

SNC-Lavalin announced that an SNC-Lavalin joint venture has been awarded a $146 million power contract in Ontario, Canada. The scope of work involves engineering, procurement, construction and commissioning. Work has begun and is expected to be complete in the second half of 2017.


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