SNC-Lavalin will pay $1.5 million and accept certain conditions to settle a corruption case brought against the company by the African Development Bank Group.
SNC-Lavalin says its Kentz group has been awarded a contract by ExxonMobil to design and build an new oil processing facility in Iraq.
SNC-Lavalin is looking to turn yet another page on its troubled past by replacing its chief executive with someone the company's board of directors believes can deliver stronger results from its core engineering and construction business.
SNC-Lavalin says chief executive Robert Card, who was brought in to turn around the scandal-plagued engineering company, is stepping down after three years on the job.
The criminal fraud case against engineering giant SNC-Lavalin has been put off until Oct. 16 after the disclosure of additional evidence to the defence.
SNC-Lavalin has filed a lawsuit seeking to recover more than $127 million that it alleges was embezzled by two former senior executives and their associates.
SNC-Lavalin says Ian Bourne, who has helped lead the company through a period of reform following a recent bribery scandal, has stepped down as chairman and a member of the board of directors.
SNC-Lavalin's shares hit a more than two-year low Thursday after the embattled engineering and construction firm issued an outlook for 2015 that disappointed industry analysts.
Quebec's economic development minister says he's worried about SNC-Lavalin's future in the face of corruption and fraud charges against the engineering giant over its dealings in Libya.
The RCMP has laid fraud and corruption charges against Montreal-based engineering firm SNC-Lavalin and two of its subsidiaries following an investigation into the companies' dealings in Libya.
SNC-Lavalin says an allegation that some of its executives may have broken federal political donation rules is the “subject of an ongoing internal investigation.”