Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Snc-Lavalin Group Inc    SNC   CA78460T1057

SNC-LAVALIN GROUP INC

(SNC)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

PM Justin Trudeau: No interference in SNC-Lavalin's Libya bribery case

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 12:35am EST

Canada’s Prime Minister Justin Trudeau has reportedly denied that his staff interfered with a legal case involving corruption charges against SNC-Lavalin.

The engineering and construction company, based in Montreal, Quebec, was in February 2015 accused of paying millions of dollars’ worth of bribes to win contracts in Libya between 2001 and 2011, according to Canada’s The Globe and Mail.

In an official statement dated 19 February, 2015, SNC-Lavalin’s president and chief executive officer at the time, Robert G Card, said the charges stemmed from the “alleged activities of former employees”, adding that the company had “always been and [remained] willing to reach a reasonable and fair solution that promotes accountability, while permitting [it] to continue to do business”.

According to a 7 February, 2019 report by The Globe and Mail, Trudeau’s staff pressurised Canada’s former justice minister and attorney-general, Jody Wilson-Raybould, to persuade prosecutors to settle the corruption charges out of court. Instead, SNC-Lavalin was reported to have sought a remediation agreement – a type of deal that requires organisations to “accept responsibility for the wrongdoing and pay a financial penalty, relinquish benefits gained from the wrongdoing, and put in place compliance measures”, according to The Globe and Mail's report.

Trudeau’s office told the Canadian publication that it “did not direct the attorney general to draw any conclusions on this matter”.

According to a separate Bloomberg report, Trudeau commented: “Neither the current nor the previous attorney general was ever directed by me or by anyone in my office to take a decision in this matter.”

SNC-Lavalin is counted among the most influential international engineering and construction companies in the Gulf. Its portfolio includes contracts such as Al Khafji Joint Operations, a joint Saudi Arabian-Kuwaiti firm comprising Aramco Gulf Operations Co and Kuwait Gulf Oil Co. The Canadian firm’s portfolio also includes major industrial schemes with Oman’s Project Development & Management International and Saudi Aramco.

(c) 2019 ITP Business Publishing Ltd. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SNC-LAVALIN GROUP INC
10:27aSNC LAVALIN : PM not budging on SNC-Lavalin controversy dogging his government
AQ
08:39aSNC LAVALIN : Atkins-engineered people mover complex selected a 'Best of the Bes..
AQ
08:38aSNC LAVALIN : Atkins releases first images of Newcastle Central Station developm..
AQ
07:32aSNC LAVALIN : R E P E A T -- SNC-Lavalin to hold fourth quarter earnings confere..
AQ
07:06aSNC LAVALIN : 'A little baloney' in PM's claim about solicitor-client privilege ..
AQ
02/20SNC LAVALIN : Quebec says former SNC-Lavalin exec owes $11 million in back taxes
AQ
02/20SNC LAVALIN : PM spoke to Wilson-Raybould after SNC-Lavalin was denied a remedia..
AQ
02/20TRUDEAU TAKES PERSONAL HIT AMID SNC- : Leger poll for CP
AQ
02/20SNC LAVALIN : Hearings into SNC-Lavalin affair start today, but not with Wilson-..
AQ
02/19DPAS : Meet the legal tool central to the Prime Minister's Office controversy
AQ
More news
Financials (CAD)
Sales 2018 10 045 M
EBIT 2018 361 M
Net income 2018 -620 M
Debt 2018 3 143 M
Yield 2018 3,19%
P/E ratio 2018 32,83
P/E ratio 2019 12,91
EV / Sales 2018 0,91x
EV / Sales 2019 0,92x
Capitalization 6 023 M
Chart SNC-LAVALIN GROUP INC
Duration : Period :
Snc-Lavalin Group Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SNC-LAVALIN GROUP INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 46,3  CAD
Spread / Average Target 35%
EPS Revisions
Managers
NameTitle
Neil Alexander Bruce President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Ian Edwards Chief Operating Officer
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SNC-LAVALIN GROUP INC-25.28%4 560
VINCI12.52%54 931
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION6.84%38 148
LARSEN & TOUBRO-11.20%25 151
CHINA COMMUNICATIONS CONSTRUCTION CO LTD14.52%24 762
CHINA RAILWAY GROUP LTD0.29%23 669