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Bullboard - Stock Discussion Forum Atkinsrealis Group Inc T.ATRL

Alternate Symbol(s):  SNCAF

Atkinsrealis Group Inc., formerly SNC-Lavalin Group Inc., is a professional services, and project management company. It delivers end-to-end services across the whole life cycle of an asset including consulting, and advisory and environmental services. Its segments include Engineering Services; Nuclear; O&M; Linxon; LSTK Projects, and Capital. The Engineering Services segment includes... see more

TSX:ATRL - Post Discussion

Atkinsrealis Group Inc > completes the transfer of sixth Canadian asset
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Post by Betteryear2 on Feb 07, 2022 7:48am

completes the transfer of sixth Canadian asset

MONTREALFeb. 7, 2022 /CNW/ - SNC-Lavalin (TSX: SNC), a fully integrated professional services and project management company with offices around the world, has announced today that it has finalized the transfer of a sixth public-private partnership (P3) asset, the InPower BC General Partnership, to the SNC-Lavalin Infrastructure Partners LP (the "Partnership") for a total cash consideration of approximately $41 million for SNC-Lavalin. InPower BC General Partnership is the entity contracted to deliver and provide services to the new John Hart Generating Station in British Columbia.

"The transfer is another great example of the success of the Partnership as it creates significant value for SNC-Lavalin and enables us to continue to efficiently redeploy capital back into new development opportunities,'' said Stphanie Vaillancourt, President, Capital and Operations & Maintenance, SNC-Lavalin. SNC-Lavalin's Operations & Maintenance arm will continue to provide asset management services at the facility for the next 11 years.

SNC-Lavalin holds a 20% interest in the Partnership that was launched and announced on June 30, 2017. The initial closing of the first four assets was reached on September 27, 2017, with a fifth asset transfer completed on June 28, 2018.

 
Comment by satchmo6 on Feb 18, 2022 7:41pm
since sncl  is a huge quebec/montreal company---no bashers here , except bs'ers and pumpers, outremont maybe was affluent 80 years ago ewhen the trudeau familly sold a big gas station to imp;erial oil----my grandfather remembers, like old timers there the new timers dont believe this --except a few i know;;------- hang on lucy----              Rumor ...more