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Ferrovial appeals decision on sale of stake in 407 toll highway to CPPIB

Spanish multinational Ferrovial S.A. is appealing an Ontario Superior Court decision that cleared the way for SNC-Lavalin Group Inc. to proceed with the $3.25-billion sale of a stake in the 407 toll highway to the Canada Plan Plan Investment Board. An SNC-Lavalin spokesman said in an email that even if the decision were reversed on […]


SNC-Lavalin Group Inc. is slashing its profit forecast for the third time this year as the company’s new chief executive officer veers away from construction and oil projects to double down on engineering. The beleaguered firm said Monday it is quitting the competitive field of fixed-price contracts, which leave companies vulnerable to cost overruns. It […]