SNC-Lavalin buys into Russia

Steve Skinner

17 August 2009

SNC-Lavalin has acquired a 48% shareholding in Russia's Oaovnipineft (VNP), an engineering company that specialises in oil refining, gas processing, petrochemicals and chemicals.

Over the past 80 years, VNP has designed over 40 refineries and industrial projects across Russia and the CIS region, Europe and the Middle East.

Jean Beaudoin, executive vice president of SNC-Lavalin said, "We are delighted with this acquisition. SNC-Lavalin has been operating in Russia for over 30 years and it is a key market for us.

"We have worked well with VNP on our projects in the region during the last few years, and we now look forward to further strengthening our strategic position in Russia and to becoming a leader in the oil and gas market."
Business & Finance Mergers & acquisitions Construction
STAY CONNECTED



Receive the information you need when you need it through our world-leading magazines, newsletters and daily briefings.

Sign up

CONNECT WITH THE TEAM
Andy Brown Editor, Editorial, UK - Wadhurst Tel: +44 (0) 1892 786224 E-mail: [email protected]
Neil Gerrard Senior Editor, Editorial, UK - Wadhurst Tel: +44 (0) 7355 092 771 E-mail: [email protected]
Catrin Jones Deputy Editor, Editorial, UK – Wadhurst Tel: +44 (0) 791 2298 133 E-mail: [email protected]
Eleanor Shefford Brand Manager Tel: +44 (0) 1892 786 236 E-mail: [email protected]
CONNECT WITH SOCIAL MEDIA