Legault expresses worry about hostile takeover of SNC-Lavalin, impact on jobs in Quebec

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Legault expresses worry about hostile takeover of SNC-Lavalin, impact on jobs in Quebec
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Politicians of all Quebec parties focused on the fate of the company, its employees in Quebec, and question why Wilson-Raybould was unwilling to order a deferred prosecution

The Quebec Premier says he is increasingly worried the political scandal surrounding the federal prosecution of SNC-Lavalin is opening the door to a hostile takeover of the company, putting thousands of well-paying Canadian jobs at risk.

SNC-Lavalin Group Inc. is publicly traded and about 80-per-cent Canadian-owned, but not by any majority owner. Quebec’s main public pension fund, the Caisse de dépôt et placement du Québec, holds a 20-per-cent stake. Liberal interim leader Pierre Arcand said he backs Mr. Legault’s position that Ottawa should find a way to avoid prosecuting SNC-Lavalin. “The news around SNC-Lavalin is very difficult. I’m worried. For me, this issue should not be a partisan one,” he said.

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