West Face pushes SNC-Lavalin to sell Highway 407 stake: Reuters
Canadian hedge fund West Face Capital is pushing SNC-Lavalin Group Inc to sell its stake in Ontario’s 407 toll highway, a move that could fetch the engineering and construction company more than $5 billion, sources told Reuters. West Face is an SNC shareholder but has not disclosed the size of its holding. SNC owns about 17 per cent of Highway 407. Other 407 investors are Ferrovial SA, and Canada Pension Plan Investment Board.
28 June 2016•1 min read
