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BRIEF-Snc-Lavalin Provides Update On Sale Of 10.01% Stake Of Highway 407 Etr

Published 2019-05-17, 08:07 a/m
Updated 2019-05-17, 08:10 a/m
BRIEF-Snc-Lavalin Provides Update On Sale Of 10.01% Stake Of Highway 407 Etr

SNC-Lavalin Group Inc SNC.TO :

* SNC-LAVALIN PROVIDES UPDATE ON SALE OF 10.01% STAKE OF HIGHWAY 407 ETR

* SNC-LAVALIN-WAS RECENTLY ADVISED OF CINTRA'S INTENTION TO COMMENCE AN APPLICATION IN COURT FOR DETERMINATION OF ITS ABILITY TO EXERCISE ITS ALLEGED ROFR

* SNC-LAVALIN GROUP INC - "SNC-LAVALIN DISPUTES THE ABILITY OF THE CINTRA SHAREHOLDER TO EXERCISE A ROFR IN THE PRESENT CIRCUMSTANCES"

* SNC-LAVALIN GROUP INC - SNC-LAVALIN REMAINS CONFIDENT IN ITS POSITION THAT "CINTRA'S CLAIMS AND ARGUMENTS ARE ENTIRELY WITHOUT MERIT"

* SNC-LAVALIN GROUP INC - EXPECTS TO SELL ALL OF SUBJECT SHARES ON SUBSTANTIALLY SIMILAR TERMS AND CONDITIONS AS ORIGINAL SALE TO OMERS

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