SNC-LAVALIN SELLS REAL ESTATE FACILITIES MANAGEMENT BUSINESS IN CANADA FOR $45 MILLION

SNC-Lavalin  is pleased to announce that it has reached an agreement to sell its non-core Real Estate Facilities Management business in Canada to Brookfield Global Integrated Solutions ("Brookfield GIS") for $45 million, which includes facilities management, property management, realty management and related project management. The community mailboxes and P3s are not included in the agreement. SNC-Lavalin's Real Estate Facilities Management business inCanada has approximately 1,100 employees. Read on...

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