However,
Atkinsrelis redeem its actions held:
The Montreal company Atkinsrealis. Moreover, formerly known as SNC-Lavalin, announced on Wednesday that it has concluded an over-the-counter contract with the Caisse de Dépôt et Placement du Québec (CDPQ) to buy 7 million of its actions.
Posted yesterday at 5:57 p.m.
The acquisition was made at a price of $ 90.87 per share, for a total counterpart of around 636 million. However, “The buy -in price represents a 3 % discount on the share price of the Toronto Stock Exchange (TSX) on June 25. Furthermore, 2025 and will be paid by means of cash funds,” said the company in a press release.
In 2017, the CDPQ had lent 1.5 billion to SNC-Lavalin in addition to acquiring $ 400 million in shares, to help it acquire the British firm WS Atkins.
“The Caisse has been a leading partner in Atkinsrealis for almost three decades. Moreover, during which our investment has contributed significantly to the growth and success of the company,” said Kim Thomassin, first vice-president and Cheffe, Quebec at the Caisse. We now monitor part of our investment while remaining the reference shareholder of the company. which reflects our confidence continues in its future perspectives. »»
After the acquisition, the CDPQ will hold around 27.4 million ordinary shares, around 16.5 % of those in circulation. A notice produced last March for the annual shareholder assembly indicated that the CDPQ held 19.9 %.
Last December. the CDPQ became atkinsrelis redeem its actions held the only organization to have more than 10 % of the ordinary shares in circulation, while Fidelity Investments Canada sold more than $ 4 million in shares.
“This transaction with the cash register. a leading shareholder in Atkinsrealis, is in accordance with our capital allowance framework presented during our 2024 investor day and represents an opportunity to create value for shareholders. Our solid assessment following the recent sale of our participation in the highway 407 ETR allows us to be well positioned to take advantage of opportunities like this. “said in the press release Ian L. Edwards, president and chief executive officer of Atkinsrealis.
Atkinsrelis redeem its actions held
Further reading: This European rule which will make your subscription jump from August 1, 2025 – Green news of the week | Banks, fossil industry and gafam – Jet-Skis Anti-Paparazzi, former Marines, 80 private flights … We take stock of the staggering marriage of Jeff Bezos and Lauren Sanchez in Venice – Jean-Philippe Imparato confirmed, Maxime Picat leaves the group – Gold is with the hope of lull in the Middle East.
