April 5, 2019 / 12:05 PM / 8 months ago

SNC-Lavalin sells stake in toll highway operator for C$3.25 bln

April 5 (Reuters) - SNC-Lavalin said on Friday it would sell a 10 percent stake in a company that operates a toll highway in the Greater Toronto Area to the Ontario Municipal Employees Retirement System for up to C$3.25 billion ($2.43 billion).

The Canadian construction and engineering firm said C$3 billion will be paid when the deal closes within 2 months, while the rest will be paid over a period of 10 years.

$1 = 1.3376 Canadian dollars Reporting by Shanti S Nair in Bengaluru

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