SNC-Lavalin : actualités

[ThinkBig]

Surtout que la limite de hauteur pour ce terrain est le maximum autorisé!

[Rusty]

Ca veut dire qu'ils vont faire une nouvelle tour ?

[Gotti]

Ca veut dire qu'ils vont faire une nouvelle tour ?

 

From the Gazette article:

 

"The engineering and construction company said it remains committed to Quebec's largest city and its activities in the province, but it is looking to sell the 21-floor downtown building and adjacent land and then lease back office space as part of its drive to cut costs."

 

Any new development will be on the new owner's dime. SNC-Lavalin doesn't want to own office space beacause it's not their core competence.

 

This is a sale leaseback transaction. Hopefully a developer and not a REIT buys the property. Otherwise there's very little chance of a new tower on the empty lot.

[ERJ-Boy]

Well it makes sense... They're not in the business of owning buildings... It gives them much more flexibility, and if they ever choose to consolidate all their downtown offices into one, it gives them A LOT of leverage when negotiating a lease agreement...

[WestAust]

SNC-Lavalin offers to buy WS Atkins for $2.6 billion

 

Canadian engineering and construction company SNC-Lavalin Group Inc (SNC.TO) has offered to buy WS Atkins (ATKW.L) for about 2.1 billion pounds ($2.6 billion), the British engineering and consultancy firm said on Monday.

 

Atkins said SNC planned to offer 2,080 pence per share in cash, 35 percent above Atkins' closing share price on Friday.

 

"The board of Atkins has indicated to SNC-Lavalin that the possible offer would deliver value to Atkins shareholders at a level that the Board would be prepared to recommend, subject to reaching agreement on the other terms and conditions of the offer," Atkins said in a statement.

 

The boards are discussing other terms and conditions of the possible offer which is conditional upon diligence and financing, Atkins added.

 

Atkins' shares jumped to a new high of 2,004 pence following news of the proposal. They were up 29 percent at 1,986 pence in afternoon trading in London.

 

In January, the stock rose sharply after media reports said the group had been approached by U.S. peer CH2M about a possible $4 billion merger.

 

Moelis & Co and JPMorgan are advising Atkins.

 

Last month, SNC Chief Executive Officer Neil Bruce said the company has been weighing acquisitions to boost growth. It has also been cutting costs in order to lift margins at its core engineering and construction division.

 

Canadian companies have been aggressively looking for deals outside the country, driving outbound mergers and acquisitions to record levels in recent years.

 

Montreal-based SNC's shares were halted in Toronto following the Atkins statement.

 

(Reporting by Rahul B in Bengaluru and John Tilak in Toronto; Editing by Mark Potter and Bernadette Baum)

 

http://www.reuters.com/article/us-ws-atkins-m-a-snc-lavalin-idUSKBN1751CK

[_mtler_]

SNC-Lavalin completes the sale-leaseback of its headquarters in Montreal with GWL Realty Advisors for approximately $170 million

http://www.newswire.ca/news-releases/snc-lavalin-completes-the-sale-leaseback-of-its-headquarters-in-montreal-with-gwl-realty-advisors-for-approximately-170-million-630131783.html

MONTREAL, June 22, 2017 /CNW Telbec/ - SNC-Lavalin announced today that it has completed the sale of its Montreal head office building and the adjacent empty lot of land located on René-Lévesque Boulevard West for approximately $170 million to GWL Realty Advisors on behalf of institutional clients. SNC-Lavalin leases back the building for 20 years.

SNC-Lavalin plans an extensive renovation project that aims to provide employees with modern workspaces designed according to best practices in efficiency, flexibility, innovation and teamwork. Consultation and planning for this project have already started.

"We continue to move forward with our strategy of unlocking value from our assets in order to reinvest in our business. This sale brings several benefits, notably the opportunity to create a work environment that enhances collaboration for our Montreal-based employees, most of whom will be brought together in one main location," said Neil Bruce, President and CEO.

The decision to sell the property was made as part of SNC-Lavalin's Operational Excellence program where we conducted a review of the company's owned real estate portfolio that was announced during the third quarter 2016 financial results. SNC-Lavalin explored real estate opportunities that included putting the Montreal head office property on the market. This initiative led to the sale-leaseback of the head office, which will further contribute to SNC-Lavalin's efficiency and performance as a company.

By undertaking significant renovations to modernize the current workspace, the company will also strengthen its core objective to build a performance-driven culture that inspires employees to be more collaborative and enhances overall efficiency and productivity.

"SNC-Lavalin is here to stay. Our long-term lease demonstrates our commitment to Montreal and to Quebec," continued Mr. Bruce. "We have been an integral part of Montreal's fabric for over a century, and will continue our growth from our downtown Montreal headquarters for years to come."

[franktko]

En espérant que Great West bouge plus vite concernant ce terrain stratégique sur RL

[chico]

Il me semble qu'il y a un autre fil au sujet du développement du lot adjacent mais je ne l'ai pas retrouvé. Ce projet a l'air de suivre son cours, toutefois je ne peux pas dévoiler plus de détails pour des raisons de confidentialité.

[Malek]

SNC-Lavalin vend une part de l'autoroute 407 en Ontario pour plus de 3 milliards

 

La Presse Canadienne

SNC-Lavalin a accepté de vendre une partie de ses actions de l'autoroute 407 International au régime de retraite OMERS.

L'entente prévoit la vente par SNC-Lavalin de 10,01 % de ces actions dans l'autoroute à péage électronique, pour un produit brut qui pourrait atteindre 3,25 milliards au total. 

La firme montréalaise conservera une part de 6,76 % de 407 International. 

La vente est assujettie à certains droits des actionnaires, y compris le droit de premier refus.

 

https://www.lapresse.ca/affaires/entreprises/201904/05/01-5221001-snc-lavalin-vend-une-part-de-lautoroute-407-en-ontario-pour-plus-de-3-milliards.php

[YUL]

5 hours ago, Malek said:

SNC vend une part de l'autoroute 407 pour plus de $3B

Bon, au lieu de payer une grosse amende au bénéfice des contribuables, ils vont plutôt rembourser des dettes et surtout se payer les meilleurs avocats pour faire face aux éventuelles poursuites fédéral. Et entretemps vendre/liquider/flusher tous les actifs avant une éventuel condamnation.

Quel gâchis.

Modifié 5 avril 2019 par YUL