Posse Herrera Ruiz acted as Colombian legal counsel to SNC – Lavalin Group Inc. in the sale of, among others, its Colombian and Peruvian operations. The deal to sell SNC-Lavalin’s Oil & Gas business to Kentech Corporate Holdings Inc. is a part of the Company’s strategy to reduce its risk profile and accelerate its ongoing transition to becoming a leading provider of professional engineering services and project management solutions. The deal is expected to close by Q2 2021. At closing, the transaction will imply a write-down in the range of USD260 to 295 million.
DEAL VALUE: ABOVE 80 MILLION DOLLARS
STAKE: 100%
For confidential:
☒ Majority
☐ Minority
SIGNING DATE:
Monday, February 08, 2021
CLOSING DATE:
Thursday, July 29, 2021
LEGAL ADVISORS
COUNSEL TO SNC-LAVALIN
Norton Rose Fulbright (Montreal, Canada) Leading Partner(s)
Nicolas Labrecque, Meghan Stewart Other Lawyers
Alexandra Persaud, Christine Duguay, Charles St-Pierre
COLOMBIAN COUNSEL TO SNC-LAVALIN
Posse Herrera Ruiz Leading Partner(s)
Jaime Herrera, Juan Guillermo Ruiz Other Lawyers
Christian Diaz Ordóñez and Daniel Meza