Etiket: SNCLavalin
Prison for a former SNC-Lavalin executive convicted in the Jacques-Cartier Bridge affair
Normand Morin, former vice-president at SNC-Lavalin, was sentenced to a total of 42 months in prison for his role in a bribery scheme aimed at obtaining contracts to repair the…
Bribe paid to a civil servant | 42 months in prison for a former SNC-Lavalin executive
The former boss of the engineering and industrial division at SNC-Lavalin, a Quebec authority on the construction of large projects, was sentenced to 42 months in prison on Tuesday for…
A US$50 million contract in American nuclear power for the former SNC-Lavalin
The former SNC-Lavalin group has won a contract with a laboratory of the United States Department of Energy to support the development of nuclear fusion technology. The company, renamed AtkinsRéalis…
The wise investor | Jarislowsky reduces exposure to SNC-Lavalin
Every Sunday, we shine the spotlight on elements of financial and stock market news that may be useful to investors, but which might have gone under the radar Posted at…
SNC-Lavalin changes name to AtkinsRéalis to mark “a turning point”
SNC-Lavalin changes its name to AtkinsRéalis. After ten turbulent years, the Montreal engineering firm wants to demonstrate that it has reached a “turning point,” explains its president and general manager,…
SNC-Lavalin sells its Scandinavian operations
SNC-Lavalin sells its engineering activities in Scandinavian countries. This transaction shows that there would be an appetite for certain assets that the Montreal engineering firm is seeking to sell, according…
Bribery | The ex-CEO of SNC-Lavalin before a disciplinary board
Jacques Lamarre, the former CEO of SNC-Lavalin and one of the most important figures in the history of consulting engineering in Quebec, will have to defend himself before the Disciplinary…
No political interference in the SNC-Lavalin affair
The Royal Canadian Mounted Police (RCMP) is not investigating allegations of political interference in the federal processing of criminal charges against engineering firm SNC-Lavalin. An assessment of these allegations had…
SNC-Lavalin case | No RCMP investigation into allegations of political interference
The Royal Canadian Mounted Police (RCMP) confirmed Monday that it is not investigating allegations of political interference by the Trudeau government in the SNC-Lavalin case. After discussing with several stakeholders,…
Turnkey contracts continue to give SNC-Lavalin headaches
Losses continue to pile up for SNC-Lavalin’s turnkey contracts, but the engineering firm hopes that division’s significant losses are “largely behind us.” The Montreal-based company surprised investors on Friday with…
A former SNC-Lavalin executive will have to report to the penitentiary
Former SNC-Lavalin executive vice-president Sami Bebawi failed to overturn the guilty verdict for fraud and corruption he received in 2019 in connection with the company’s activities in Libya. The Quebec…
A condo for life for an SNC-Lavalin fraudster
Eight years after being accused of a huge fraud with international ramifications, a former SNC-Lavalin executive still escapes prison and will be able to continue living in his luxurious condo…
Financial results | SNC-Lavalin still bothered by its turnkey contracts
The improvement in results at SNC-Lavalin is further hampered by cost overruns and losses related to the completion of its lump sum turnkey contracts. Updated yesterday at 4:25 p.m. Martin…
Second trimester | SNC-Lavalin still bothered by additional recovery costs
Engineering firm SNC-Lavalin continues to be plagued by cost overruns related to its gradual withdrawal from the lump-sum project market and the settlement of disputes over past contracts. Updated yesterday…
Second trimester | SNC-Lavalin posts declining profits and rising revenues
(Montreal) The SNC-Lavalin Group posted a second-quarter profit on Thursday, down from the same period last year, despite growth in its revenues. Posted at 10:15 a.m. Earnings from continuing operations…
SNC-Lavalin positions itself in the nuclear sector in Romania
Taking advantage of the enthusiasm for nuclear energy aroused by the fight against climate change, SNC-Lavalin wins a $64 million contract in Romania to extend the life of a power…
Romania | SNC-Lavalin subsidiary awarded $64 million contract
(Montreal) Candu Energy has landed a roughly $64 million contract in Romania that will see it provide design and engineering services for Unit 1 of a nuclear reactor, its parent…
Environment | “Drastic measures” required to reduce GHGs in Canada, warns SNC-Lavalin
“Drastic measures” to reduce greenhouse gas (GHG) emissions are required in Canada to reach the targets set in 2030, warns the engineering firm SNC-Lavalin in the update of its annual…
SNC-Lavalin engineers ratify new collective agreement
A union representing engineers at SNC-Lavalin Group said on Tuesday that its members had voted overwhelmingly to ratify a new collective agreement and end their strike. Posted yesterday at 5:10…
SNC-Lavalin | Engineers’ union files complaint related to return to office
A union representing engineers at SNC-Lavalin Group has filed a complaint with the Canada Industrial Relations Board alleging bad faith negotiations, after a company subsidiary ordered its workers to return…