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)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Snc Lavalin : Canadian PM to hold press conference on minister resignation

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/12/2019 | 02:01pm EDT

Canadian Prime Minister Justin Trudeau will hold a press conference later Tuesday, in which he is expected to answer questions on Veterans Affaris Minister Jody Wilson-Raybould's resignation, according to a statement from the Prime Minister Office, Trend reports citing Xinhua.

Last night, the prime minister spoke with Jody Wilson-Raybould who informed him she was tendering her resignation from cabinet. The prime minister convened a cabinet meeting this morning to inform his cabinet colleagues of Wilson-Raybould's resignation, said the statement.

The statement said Defense Minister Harjit Sajjan immediately assumes responsibilities as acting minister of veterans affairs.

Wilson-Raybould announced her resignation from the Trudeau cabinet in the midst of allegations that the Prime Minister's Office tried to pressure the former justice minister to abandon a corruption and fraud prosecution of SNC-Lavalin.

"With a heavy heart I have submitted my letter of resignation to the Prime Minister as a member of Cabinet," she said in her Twitter post.

Her resignation came amid ongoing parliamentary investigation into whether Trudeau or anyone in his office tried to have Wilson-Raybould abandon the prosecution of a case against SNC-Lavalin when she was justice minister and attorney general.

Conflict of Interest and Ethics Commissioner Mario Dion said on Monday that he was to start the investigation into the allegations as he believed the law might have been contravened in this case.

It also came one day after Trudeau said Wilson-Raybould's continued membership in his cabinet as an indicator to Canadians that she was not unhappy with his government.

Wilson-Raybould's resignation is expected to prompt another cabinet shuffle.

Last Thursday, Canadian newspaper The Globe and Mail reported that as attorney general, Wilson-Raybould came under pressure from the Prime Minister's Office to override the decision of the public prosecution service shelve court proceedings against SNC-Lavalin in favor of a negotiated settlement without trial. The company faces charges of bribing Libyan officials between 2001 and 2011 in exchange for contracts.

© 2019 Trend News Agency ALL RIGHTS RESERVED, source News Service

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SNC-LAVALIN GROUP INC
04/17SNC LAVALIN : Norman's lawyers cite SNC-Lavalin testimony in fight for secret do..
AQ
04/17SNC LAVALIN : to host Annual Shareholders' Meeting in Montreal and hold first qu..
AQ
04/17SNC LAVALIN : Entergy to sell Indian Point reactors in New York to joint venture..
AQ
04/17SNC LAVALIN : JV affiliate CDI to enter into a multi-year contract with Holtec t..
AQ
04/17ENTERGY : Agrees to Sell Indian Point Nuclear-Power Facility
DJ
04/16ENTERGY : Agrees to Sell Indian Point Nuclear-Power Facility
DJ
04/16SNC LAVALIN : joint venture wins $1B contract to decommission U.S. nuclear site
AQ
04/16SNC LAVALIN : Trudeau is making Canada safe for corruption again with the SNC-La..
AQ
04/16SNC LAVALIN : names global resources president
AQ
04/16Saudi Arabia receives 71 bids for IWP project
AQ
More news
Financials (CAD)
Sales 2019 9 955 M
EBIT 2019 816 M
Net income 2019 498 M
Debt 2019 2 275 M
Yield 2019 1,52%
P/E ratio 2019 12,99
P/E ratio 2020 13,27
EV / Sales 2019 0,82x
EV / Sales 2020 0,74x
Capitalization 5 913 M
Chart SNC-LAVALIN GROUP INC
Duration : Period :
Snc-Lavalin Group Inc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SNC-LAVALIN GROUP INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 12
Average target price 45,3  CAD
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Neil Alexander Bruce President, Chief Executive Officer & Director
Kevin G. Lynch Chairman
Ian Edwards Chief Operating Officer
Sylvain Girard Chief Financial Officer & Executive Vice President
Eric D. Siegel Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SNC-LAVALIN GROUP INC-26.66%4 421
VINCI24.08%60 366
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION12.28%40 025
CHINA COMMUNICATIONS CONSTRUCTION CO LTD9.23%28 669
LARSEN & TOUBRO-5.38%27 342
CHINA RAILWAY GROUP LTD6.72%24 139