Quebec government doesn’t rule out buying SNC-Lavalin shares, Legault says

BROMONT, Que. — Quebec Premier Francois 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.

Former attorney general Jody Wilson-Raybould quit Prime Minister Justin Trudeau’s cabinet last month, testifying later that he and his staff inappropriately pressured her to negotiate a remediation agreement that would allow the company to avoid criminal charges by admitting responsibility and paying a fine.

Legault told reporters in Bromont, Que., that he has spoken with Trudeau on the need to find a way to save SNC-Lavalin and the jobs it creates.

Meanwhile, Quebec’s justice minister said Friday that she’d refused a request to meet the engineering firm last fall to discuss a remediation agreement because she hadn’t believed it would be pertinent.

Sonia LeBel did not rule out meeting with the company or the federal government to discuss the matter in the future, but she doesn’t see the need right now. “I don’t know. It will depend. I never rule anything out,” she told reporters in Trois-Rivieres, Que.

Just Posted

Intelligence official charged seemed to be ‘exemplar of discretion’: former colleague

A professor who once worked with an RCMP intelligence official charged with… Continue reading

More than 100 people participate in the Light the Night Walk in Red Deer

Red Deer’s Michael Wark was 27 when he was diagnosed with cancer.… Continue reading

‘Big bang’ precedes Red Deer house fire, says neighbour

A Red Deer home was heavily damaged by a fire early Friday… Continue reading

PHOTOS: Grilling meat at Shelter Ribfest in Red Deer

The first-ever Shelter Ribfest is on this weekend at Gary W. Harris… Continue reading

Red Deer man arrested, charged for drug-related offences

A Red Deer man is facing a number of charges, including possession… Continue reading

Fashion Fridays: 10 effortlessly stylish items for fall

Kim XO, helps to keep you looking good on Fashion Fridays on the Black Press Media Network

Your community calendar

Wednesday Central Alberta Historical Society annual general meeting is 6 p.m. at… Continue reading

UAW members on the job at GM plants after contract expires

DETROIT — The four-year contract between General Motors and the United Auto… Continue reading

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world… Continue reading

Police seeking multiple suspects in shooting that left 1 dead and 5 wounded

MISSISSAUGA, Ont. — A teenage boy is dead and five other people… Continue reading

Trump front and centre as talk of trade, jobs emerges on campaign trail

OTTAWA — A familiar U.S. face finally showed up front and centre… Continue reading

RDC Kings and Queens cross country dominate on home turf

There was a lot of pride floating around amongst the host team… Continue reading

Hunting Hills Lightning cruise past Foothills Falcons in high school football action

The Hunting Hills Lightning showed their Football Alberta ranking was no fluke… Continue reading

Two students dead, several seriously injured in Vancouver Island bus rollover

Two University of Victoria students died and several people were injured after… Continue reading

Most Read