SNC-Lavalin to buy WS Atkins for $3.6 bln, CDPQ to finance: Reuters
Canadian engineering and construction company SNC-Lavalin Group Inc said it would buy British engineering and consultancy firm WS Atkins Plc for $3.6 billion, firming up an indicative offer it made earlier this month, Reuters reported. The combination creates a global company specializing in professional services and project management with $12.1 billion in revenue. Canadian pension fund Caisse de dépôt et placement du Québec (CDPQ), SNC's biggest shareholder, will extend a loan of $1.5 billion to SNC and buy $400 million of equity in the company to help finance the acquisition.
20 April 2017•2 mins read
