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  • Kentz shareholders vote in favour of acceting SNC-Lavalin offer
    édité le 12/08/2014 - Plus de news de "AtkinsRéalis" - Voir la fiche entreprise de "AtkinsRéalis"

Kentz shareholders vote in favour of acceting SNC-Lavalin offer
SNC-Lavalin Group Inc. (TSX: SNC) is pleased to announce that, following Kentz’s Extraordinary General Meeting held in London today, Kentz’s shareholders voted in favour of SNC-Lavalin’s recommended cash offer of £1.2 billion (C$2.1 billion).

The relevant anti-trust clearances and approvals have been obtained or the relevant waiting periods have expired, lapsed or otherwise terminated. The Scheme Court Hearing will be held on August 21 2014, and subject to the sanction of the Court and the satisfaction or waiver of certain other conditions, the acquisition will become effective in accordance with its terms on August 22, 2014.

“We are very pleased that we have passed this important milestone as part of our offer to acquire Kentz,” said Robert G. Card, President and CEO, SNC-Lavalin Group Inc. “It speaks to the fact that, by joining forces, we will have that much more to offer our clients and the communities we serve. We look forward to welcoming Kentz’s employees into the SNC-Lavalin family.”

About SNC-Lavalin

Founded in 1911, SNC-Lavalin is one of the leading engineering and construction groups in the world and a major player in the ownership of infrastructure. From offices in over 40 countries, SNC-Lavalin’s 30,000 employees provide EPC and EPCM services to clients in a variety of industry sectors, including mining and metallurgy, oil and gas, environment and water, infrastructure and clean power. SNC-Lavalin can also combine these services with its financing and operations and maintenance capabilities to provide complete end-to-end project solutions.

About Kentz Corporation Limited

Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil & gas, petrochemical and mining and metals sectors. It is listed on the London Stock Exchange (symbol: KENZ). Kentz has over 15,500 employees in 36 countries. Its three main business lines are: Engineering and Projects, Construction, and Technical Support Services (TSS). It has a proven track record of delivering mechanical, electrical, controls and instrumentation engineering, construction and management services in some of the most remote locations on earth.

Origine : Communiqué AtkinsRéalis

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