Sept 30 (Reuters) - SNC-Lavalin SNC.TO said on Wednesday
it has exercised its option to sell its 5 percent stake and the
balance of its loans in the Ambatovy Nickel project in
Madagascar to Japan's Sumitomo Corp 8053.T for approximately
C$600 million (US$451 million) in cash.
SNC, which was involved in the construction of the Ambatovy
project, said the sale is another step in monetizing some assets
in its infrastructure concession investments portfolio.