Hwy. 407 shareholder sees huge gains (July 01, 2002)
MONTREAL, Que. – The head of the SNC-Lavalin Group predicts the construction-engineering industry is going to be thriving over the next few years, thanks in part to the sale of Hwy. 407. Jacques Lamarre, chief executive of SNC-Lavalin, made the prediction in mid-May at the engineering firm’s annual meeting. He also reported first-quarter profits of $139 million, up from $6 million one year ago. The majority of that increase was the result of the sale of Hwy. 407, which SNC held an interest in and helped build. SNC still owns about 16.8 per cent of the highway, compared to the 22.6 per cent it previously owned.
Have your say
This is a moderated forum. Comments will no longer be published unless they are accompanied by a first and last name and a verifiable email address. (Today's Trucking will not publish or share the email address.) Profane language and content deemed to be libelous, racist, or threatening in nature will not be published under any circumstances.