Oct 1 (Reuters) - SNC-Lavalin Group Inc SNC.TO :
* SNC Lavalin-arrives at settlement agreement with the African Development Bank Group (AFDB)
* Reached settlement with African Development Bank Group regarding allegations
of sanctionable practices by SNC Lavalin International-
* Settlement follows an approach by the integrity and anti-corruption
department of the AFDB and cooperation by SNC Lavalin-with IACD
* SNC Lavalin International-will not be debarred, provided SNC Lavalin-meets
certain conditions for a period of 2 years and 10 months
* Says agreement includes a settlement payment of $1.5M in support of
anti-corruption initiatives in Africa
* Says no other subsidiary of SNC Lavalin-will be sanctioned pursuant to the
agreement
* Source text for Eikon ID:nCNWNNz1ca
* Further company coverage SNC.TO