Global News/The Canadian Press March 15, 201
Quebec Premier François Legault says his government isn’t ruling out buying shares in SNC-Lavalin in order to prevent the company from being sold or dismantled.
Legault said Friday that all options are currently on the table when it comes to saving the troubled Montreal-based engineering giant and the thousands of jobs it provides.
The province’s pension fund manager already has a stake of about 20 per cent in the company, but not enough to form a blocking minority.
SNC-Lavalin is currently facing fraud charges stemming from alleged dealings with the Libyan regime under Moammar Gadhafi between 2001 and 2011. A conviction would mean a 10-year ban from bidding on federal contracts, which could cripple the company.