SNC-Lavalin (TSX: SNC) announced today that it recently has reached an agreement with all the public bodies of Quebec that have received its offer under the Voluntary Reimbursement Program (VRP).
“We are very pleased to have reached a settlement under the VRP,” said Neil Bruce, President and Chief Executive Officer, SNC-Lavalin. “For the last few years now, SNC-Lavalin has publicly said on numerous occasions that it is willing to work to reach an agreement, and we are proud to have achieved this important step.”
This settlement is final and fair. SNC-Lavalin publicly offered all of Quebec’s public bodies to avail themselves of the VRP.
The terms of the agreement remain confidential under the program and its enabling statute.
Founded in 1911, SNC-Lavalin is a global fully integrated professional services and project management company and a major player in the ownership of infrastructure. From offices around the world, SNC-Lavalin's employees are proud to build what matters. Our teams provide comprehensive end-to-end project solutions – including capital investment, consulting, design, engineering, construction, sustaining capital and operations and maintenance – to clients in oil and gas, mining and metallurgy, infrastructure and power. On July 3, 2017, SNC-Lavalin acquired Atkins, one of the world’s most respected design, engineering and project management consultancies. www.snclavalin.com